Now, the market also is being hit by margin-related selling, said Gero and Ironbeam precious-metals analyst Sean Lusk.

FORBES: FOCUS: Gold's Tumble Continues; Bargain Hunting Seen Once Prices Stabilize

Sean Lusk, precious-metals analyst with Ironbeam, said he looks for investors to continue buying gold on price dips.

FORBES: Focus: U.S. Election Described As Supportive For Gold, But Metal Falls Back With Stocks, Euro

Sean Lusk, precious-metals analyst at Ironbeam, said the Federal Reserve might hint at such improvements, which would be bearish for gold.

FORBES: Gold Survey: Survey Participants See Higher Gold Prices Next Week