The metal fell from a one-month high for a second consecutive day in a row as it is currently being traded at the $919 per ounce level. After flying the past couple of days on the back of surging crude prices to hit all time highs, the bullion now could be facing correctional movements as the appeal for the metal as an alternative investment and a hedge against inflation has been eroded. Inflationary pressures and worries are filling the hearts of investments giving the metal the opportunity to rise and shine once again yet surprisingly even after the Feds statements, we see gold dropping as crude prices retreated and the dollar rebounded.

Crude oil, gold