Gold breaks $1,400 before falling back.

Gold futures broke through $1,400 earlier, climbing to as high as $1,405.70 an ounce after weak U.S. housing data last week weakened expectations about the Fed's prospective tapering. However, Bullion has since pulled back and was -0.1% at $1,395 at the time of writing. The metal has been on a remarkable run since dropping to almost $1,200 an ounce in June, and is now approaching bull-market territory, which is defined as a rise of 20%.