Gold price falls despite weaker US dollar and falling equity markets

Gold has once again slipped below the $1,100 per troy ounce mark this morning. 

The downswing on the precious metal markets is continuing, prices again nearing the lows they had hit at the beginning of the week. 

In euro terms, gold has dropped below the €1,000 per troy ounce level again for the first time since early January. Thus gold is now weak despite a recently depreciating US dollar and falling equity markets. 

Robust coin sales, the U.S. Mint has sold 111,000 ounces of gold coins since the beginning of the month, which is the highest monthly volume for more than two years. These are not nearly enough to compensate, as this equates to a mere 3.5 tons of gold.