The yellow metal saw a sharp drop earlier in...>

GOLD: The yellow metal saw a sharp drop earlier in Europe attributed to possible

CME related selling. Gold sunk to intra-day lows of $1270.10 before bouncing

back and paring some of the previous losses as the dollar also weakened against

a basket of six currencies.

- The rate has continued to slowly grind higher, the arrival of NY has seen XAU

grind towards $1274.10 before fading back towards $1273.00.

- The yellow metal spiking higher as the dollar comes under pressure across the

board. The push upwards sees the bullion attempting to pare back earlier losses

as the price printed recovery highs of $1275.91 before fading.

- The bullion saw a spike lower after better than expected US PPI data for

October. The precious metal had pared back nearly all of the day's losses to a

recovery high of $1276.45 before dropping to $1271.99.

- The previous metal spiked sharply as UST yields. The price jumped nearly $10

to $1282.42 in an extremely volatile move.

-The PM received a further lift as the greenback came under further pressure,

printing a fresh session high of $1283.67.