Gold is trading at $1,134 as of 21:10pm, London-Time, with a bearish trend Gold fell on Monday as news that the U.S. authorities have charged Goldman Sachs with fraud hurt commodities but lifted the dollar, though it recovered from two-week lows as some investors sought the metal as a haven. Goldman Sachs was charged on Friday with fraud by the U.S. Securities and Exchange Commission over its marketing of a subprime mortgage product, sparking an immediate slide in assets seen as higher risk, like equities and commodities. "After prices dropped in a knee-jerk reaction following the (Goldman news), the chart picture for gold deteriorated further," said Eugen Weinberg, an analyst at Commerzbank. Gold is trading at $1,134 as of 21:10pm, London-Time, with a bearish trend. Gold’s Pool-Position 43% Long, meaning that most Finotec clients are selling the precious metal.

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