The single currency requires a fresh catalyst to push the EUR out of this perceived 1.2950-1.3150 range.

FORBES: Yen Selling Eases In Face Of Bearish Investors

Ira Epstein, director of the Ira Epstein division of The Linn Group, added that gold may need a fresh catalyst or story to recover, and in the meantime is also being hurt by a stronger U.S. dollar, as are a number of other commodities.

FORBES: Expected U.S. Supercommittee Failure Hurts Gold In Move To Cash, But Supportive For Long Term