Gold down as demand for safe assets plummets

Dollar recovery pushes gold down from one-year high

Friday's 13-month high that North Korea did not conduct a missile test.

Demand for safer assets, including gold, was also weakened after hurricane Irma wreaked less damage than feared in Florida.

Gold jumped last week because of the fear trade.

"Both of these events failed to materialize in a major way," said Saxo Bank analyst Ole Hansen.

"The short term stage has been set for some consolidation.

Much depends on where the dollar and bonds decide to go."