Bob Iaccino of Path Trading Partners discusses the recent pressure on Gold futures as prices test key moving averages. The December contract fell toward its 50-day moving average at $4,402.40 following last week's test of the 200-day moving average. Geopolitical tensions in the Strait of Hormuz continue to drive safe-haven flows into the U.S. dollar rather than gold, while rising energy costs elevate inflation concerns ahead of the upcoming Federal Reserve meeting. Additionally, stronger-than-expected August payrolls data pushed September rate hike expectations to 60.4%, creating further headwinds for non-yielding bullion.