Gold Holds at 596

Spot gold holds at $596.90/oz, at the day's low and down from an earlier high at $603.50.
The precious metal has been weighed by three factors over the past 24 hours.
First, gold failed to push over recent the Sept 11 high at $610.40.
Then o/n the Swedish central bank announced plans to sell gold over the next year. While it is not a large amount (10 tonnes), it has raised concerns that other CBs might also begin to sell. Finally, dollar strength on the day has been a factor.
A close back under the 200 day moving average at $599 would suggest scope for further declines back to the $570/$575 support seen earlier in Sept