A recovery in gold prices this month ran out of steam as the metal hit strong resistance at $1,695, its 55-day moving average and early January high. After failing to break decisively above that level for five straight sessions to Wednesday, gold fell.
Spot gold shed more than $15 to slide below $1,670 and was down about one percent in Thursday's trading. U.S. gold futures for February delivery lost nearly $17 to trade near $1,670 an ounce.
(Related: Pro: Why Gold is Still a Short)
That said, we'd like to hear from you — will gold end 2013 higher or lower?
Vote now in our "Futures Now" poll!