AUD/USD extends losses

AUD/USD has extended losses from early in the session and the decline is accelerating AUD/USD is trading at 0.7870, down 0.0121. The pair is trading weak and has erased nearly all of yesterday's gains. Chatter about Australian data due out next week and the RBA meeting next week has kept both buyers and sellers active overnight. Chatter about the sharp decline in Gold is making the rounds.