The Gold prices were at a new multi year high of 1224 dollars only few weeks back, but the prices have been going down slowly almost every day in the last three weeks. This week the prices have touched 1085 dollars which is a steep 10% correction from the multi year highs in a short period.
The key trigger for the correction seems to be the year end considerations by the commodity investors who are seen booking part of their profits made in the yellow metal. So expect more spike up in the Gold rates from the second day of the new year 2010.