Gold remain unchanged despite firmer USD

Gold is continuing to trade largely unchanged at a good $1,120 per troy ounce this morning.

This means at least that it is successfully resisting the firmer US dollar and rising equity markets. 

"In euro terms, gold is priced above the €1,000 per troy ounce mark again. In the run-up to the Fed's meeting next week, market participants are likely to be exercising restraint, so it is unlikely to see any pronounced price fluctuations in one direction or another", says Commerzbank.