RE: in the 3s... the only reason gold is trading higher is manipulation by central bankers. They realize that gold is currently bumping up against a key resistance level ... one that if it gets taken out, will launch gold well beyond US$1,000/oz.
The US$ is performing well today ... not without coincidence. The Central Bankers obviously aren't taking "President's Day" or "Family Day" off ... they are out their selling off their own currencies into a lack of liquidity to make them look weak relative to the US$.
Gold may correct lower if Central Bankers are successful ... but it wil come roaring back with a vengeance once they run out of ammo.
Just my humble opinion.
rise1