Gold Futures Retreat From HIghs

August Gold futures are trading by $3.60 at $1326 per ounce in Monday's session. After a flat open, it immediately bottomed just below the close ($1322.40) at $1322.20 and began to mover higher. The ensuing rally took the issue came up well shy of Friday's high ($1362.60), only reaching $1340 before turning lower. It has retreated back into the $1320 handle but has yet to make a new low.