Gold Price Is Falling

Comex gold settled lower Wednesday at the New York Mercantile Exchange after testing the $500 an ounce level in overnight trade
but succumbing to end-of-the-month profit-taking by the close.

The most-active February contract settled $4.80 lower at $498.70 an ounce
while front-month December was down $4.50 at $494.60 an ounce.