Gold is getting slammed (GLD)

Gold tumbled below $1,300 on Tuesday morning.
Now the shiny metal is down by 2.57%, to $1,279.00 an ounce, as of 11:43 a.m. ET — the weakest level since June 23, the day of the Brexit vote.
This follows a Bloomberg report from Jana Randow, Alessandro Speciale, and Jeff Black that the European Central Bank will "probably gradually wind down bond purchases before the conclusion of quantitative easing, and may do so in steps of 10 billion euros ($11.2 billion) a month, according to euro-zone