Further downside on gold prices limited – "CPM also notes that while the possible effects of the US Fed raising interest rates is already largely taken into account in the current gold price it does not appear to be taken into account in equity markets “which could result in a sharper fall in equity prices, and some of this money could move into gold, preventing a sharp decline in gold prices. Gold prices possibly could rise temporarily in response to a sharp decline in equity prices, as some of those funds move into gold. It also may become increasingly apparent to the market that the increases in U.S. interest rates will be more symbolic than potentially detrimental to U.S. economic growth.” http://www.mineweb.com/news/gold/further-downside-on-gold-prices-limited-cpm/