Gold, currently trading below the key-level of USD1200.00 a troy ounce recouped some of its losses after the minutes of the Federal Reserve's October policy meeting were published yesterday. Gold will remain under pressure as the world's largest economy's is recovering and U.S. policy makers will have to raise interest rates sooner or later. A stronger U.S. dollar weighs on gold. No support comes from a poll showing softer support for the Swiss referendum that would force the SNB to increase their holdings in physical gold significantly from 7.8% to 20% of its total assets.

GOLD currently trading below USD1,200.00