With Dollar Rebounding, Gold Loses Ground

Today saw gold losing ground, falling to $1,278.51 per ounce, a loss of 0.4 percent. Today was generally marked with losses, as the dollar continued to post gains.

Overall, precious metals lost between 0.3 percent and 0.5 percent today, signalling a second consecutive day of losses. Base metals are down around 0.4 percent today. Volume has been decidedly average today - 6,139 lots were traded in today's session.

As for international markets, U.S. ten-year treasuries jumped significantly today, up to 2.35 percent. The German ten-year bund is looking better at 0.47 percent. Spot Brent crude oil prices are at $57.71 per barrel, up 0.12 percent from yesterday. The U.S. dollar is looking much better on its index, up to 93.56, with market participants feeling very confident in a December interest rate increase from the Federal Reserve.