Summary....... 1)The European Central Bank and Draghi easing news was disappointing, but he did leave the door open for more easing in the future....,,,. 2)ECB potential easing = strong dollar (Fed rate hike) = lower gold prices in the intermediate term...... 3)Fed still on track for raising rates in December - 72% implied market probability which will put downward pressure on gold. http://seekingalpha.com/article/3752336-the-buck-rally-begins-not-stops-with-draghi-and-the-bear-case-for-gold