December gold fell $5.30 to $605.60 an ounce in morning trading. "After going straight up after bottoming around $570, gold is deservingly taking a breather today," said Peter Grandich, editor of the Grandich Letter. The December gold contract fell to a low of $576.60 on Sept. 15. Looking ahead, Grandich said he expects prices to "test critical resistance around $640 next month and if it breaks through, a more dramatic rise to this year's old highs around $735 are in the cards." December silver fell along with gold to trade at $11.61 an ounce, down 12.5 cents.