The sell-off in gold has gotten worse this afternoon.
Right now, the yellow metal is trading around $US1323 an ounce, down 3.0% from yesterday.
Moments ago, it hit the lowest level of the day at $US1322.20.
Société Générale strategists told clients earlier this week that the bounce in gold is over, and advised them to sell the metal with a $US1200 price target.
The chart below shows the sharp drop today.