Best Gold Stocks to Buy Now: AABB, GOLD, GDX 
Gold's price performance this week is puzzling. The gold price has been under pressure ever since yesterday, and this morning has fallen to $1,135 per troy ounce. Gold has thus shed all of the gains it had achieved since last Thursday in the wake of the heavy losses on the equity markets.
In euro terms, gold is even nearing its end of July lows again. Another day of losses on Wall Street and a still very low probability of a Fed interest rate hike in September have also been unable to prevent the price slide.
Signs of this development were already evident on Monday when gold failed to make any further gains despite a significantly weaker US dollar and tumbling equity markets.
The gold price immediately began to correct yesterday when both the US dollar and the equity markets recouped some of their previous losses following the rate cut in China.
"The continued uncertainty on the financial markets and the dwindling rate hike expectation would generally suggest higher rather than lower gold prices", says Commerzbank.
