The Really Useful Gold Thread

Dollar continues slide after U.S. trade data By Rachel Koning
CHICAGO (MarketWatch) -- An already falling dollar was knocked lower by a report showing the U.S. trade deficit widened by 4.4% in October to $68.9 billion. The widening was a surprise. Economists surveyed by MarketWatch expected the trade deficit to narrow to $62.9 billion. The dollar fell after the Federal Reserve on Tuesday edited its monetary policy statement and Japan's quarterly Tankan business confidence survey reached its highest value in 12 months, at 21 versus 19 the prior quarter. The dollar was at 117.86 yen, compared to 118.07 just ahead of the trade report. It's down 1.8% on the day. The euro was changing hands at $1.2045 compared to a pre-data $1.2035, up 1% from late Tuesday

Can we really expect a dramatically falling US Dollar Gold price with this going on?

My feeling is that gold finds its feet soon.