Gold Poised To End Week $20 Lower

Gold futures are trading lower at $1142.30 in Friday's session. After peaking on Wednesday at $1183.10, the bouillon has come under selling pressure. After a flat open, Gold attempted to re-enter the $1150 handle, but was turned back at $1149.80. So far, the ensuing decline has found some intra-day support ahead of its October 9 low ($1138), only reaching $1140.10 and attempting to rebound. Joel Elconin is the co-host of Benzinga's #PreMarket Prep, a daily trading idea radio show.

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