Gold Battles Back To Unchanged And Retreats

August Gold futures are trading lower by $9 at $1289.40 in Friday's session. It had fallen $40 from its intraday high on Thursday of $1318.90 all the to $1278.80 in today's premarket trading, That low coincides wish Tuesday's low of $1278.60. The ensuing rally found resistance just above the close ($1298.40) and just ahead of the psychological $1300 level only reaching $1299.20.