Futures Now

Will Gold End 2013 Higher or Lower?

Tom Grill | Age Fotostock | Getty Images

Gold fell to a one-week low on Thursday after a repeated failure to break above a key chart level hurt investors' confidence in the metal, and as U.S. policymakers postponed talks on extending the U.S. debt ceiling.

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!

Watch "Futures Now" Tuesdays & Thursdays 1 p.m. EST exclusively on FuturesNow.CNBC.com!

Like us on Facebook! Facebook.com/CNBCFuturesNow

Follow us on Twitter!@CNBCFuturesNow