Gold has hit the skids again Asia

It started the week in Asia by dropping hard ... Gold smashed lower to multi year lows

More of the same today ...

No news of note ... (Maybe gold buyers have just checked the dividend it pays? :-D ) ... but the better news on the US economy, which we got more of overnight, and what that might mean for Fed rate hikes, continues to weigh.

Earlier this week:

  • Gold: Goldman Sachs' Currie says worse is still to come, could fall under $1,000
  • Morgan Stanley says Gold could drop to $800 under this scenario