Gold for Monday, June 2, 2014 During last week gold finally sprung into life however it would have caught a lot of people in the process. The well established support level at $1275 which had propped up price for the last few months was completely shattered as gold fell sharply to a four month low around $1242. It speaks volumes that there has been little support for gold as it has continued to drift lower throughout last week with no signs of any rallies. Prior to the fall gold had remain fixated on the $1293 level and had done very little as volatility has dried up completely resulting in gold moving very little. ... (full story)