Gold pricing continues its decent that began on Thursday with the most active June Comex contract trading as low as $1275.50 in overseas trading last night , and as of 3:00 Eastern standard time is fixed at $1279.30.

Gold futures continue to trade under pressure, with the most active June contract closing down by $4.40 (-0.35%), and currently fixed at $1290.70.

This week was started on a solid and positive note. The entire precious metals group saw price advances. On Monday gold futures broke and closed above the key psychological level of $1300 per troy ounce.