After staging a fantastic recovery on July 1st, in which gold price posted its biggest daily gain in nine weeks, gold took a step backward on July 2nd, as profit takers stepped in for gains. Selling pressure intensified as the U.S. Dollar index advanced. <br /><br />Reference: http://www.meritgold.com/merit-gold-news-network-detail/merit-gold-news-network-july-2-2013
