Gold Futures Slammed

February Gold futures are trading lower by $26 at $1050.80 in Thursday's session. It has erased all of it gains from Wednesday and is in jeopardy of of posting its lowest close since September 2009. After a lower open, it could not come to Wednesday's close ($1076.80), only reaching $1072.70 before continuing its move lower. At this time, it has found support ahead of its six-year low ($1045.40), only reaching ($1046.80) and is struggling to remain in the $1050 handle.