Initially the gold market showed weakness but just ahead of mid session the market managed a rather impressive rebound. Surprisingly the gold market managed a $10 per ounce recovery despite the fact that the Dollar remained mostly strong. In the end, a slight (perhaps temporary) revival of hope that a US plan might still be passed seemed to be deflating gold prices this morning and clearly the bounce in equity prices added into the negative tilt toward gold. Some might suggest that non-descript US scheduled numbers also provided a sense of calm and that also served to deflate long interest in the gold market in the morning trade. However, with the US Dollar making very significant gains against a host of currencies, it was clear that the currency influence was indeed the most dominating fundamental in play in the gold market in the morning trade.