Markets: Gold meddler

A boost in the US labour market has heightened the spectre of an end to the Fed's QEIII, sending gold decisively down.

What is up with gold? Spot gold has slipped 4.6 per cent since July 23 after rising 12 per cent between June 27 and July 23, according to Bloomberg data. At 1611 AEST spot gold was at $US1283.30. Gold futures are down a seventh straight day.

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