The price has sunk low, can you wholesale gold yet?

<p>&nbsp;Gold prices slipped to near one-month lows as investors preferred the US dollar as a hedge against gloomy market sentiment.</p><p><br /></p><p>The yellow metal dipped as low as $1,923 an ounce in the previous session, before rebounding to around $1,930 an ounce during the Asian session (time of writing).</p><p><br /></p><p>Rating agency Moody's lowered its rating on 10 US banks which indirectly triggered new concerns for the banking sector.</p><p><br /></p><p>However, investors prefer to get the US dollar as a safe-haven, causing gold trading to continue to sink to the lowest level on Tuesday.</p><p><br /></p><p><br /></p><p>However, the yellow metal rebounded slightly, after Chinese inflation data published in the Asian session pushed the greenback lower and major currencies rose following better-than-expected readings in July.</p><p><br /></p><p>Meanwhile, Federal Reserve (Fed) President Patrick Harker was unexpectedly more dovish, saying the tightening is over and rates may be lowered next year.</p><p><br /></p><p>The focus then shifts to the United States inflation data that will be released tomorrow night (Thursday) as a key indicator of the Fed's further policy.</p>