The gold market started out soft, mounted a recovery bounce ahead of mid session but then seemed to sag despite the fact that equity prices mostly maintained a positive track throughout most of the trading session. Perhaps seeing the Dollar hold in positive ground for most of the session and seeing the flow of weak US economic data undermined the gold market. It is also possible that definitively bearish price dialogue toward oil prices from the OPEC President indirectly undermined gold prices as the OPEC President actually suggest that there was no floor under oil prices and that prices could fall to very, very low levels!