Gold prices lower with profit taking and a strengthening United States dollar, as well as a low volume pressure. Gold had dipped below eleven hundred dollars and briefly so, on Thursday, this was as the United States dollar had been rallying. Still, prices had rebounded somewhat to settle at eleven hundred and seven dollars per ounce.
Through the end of the year, just as investors are taking profits, and the U.S. dollar is rallying Gold, surely it would continue to be corrected. David Morgan argues that they went so far and so fast, once they had broken the thousand dollar level.
Link: Gold Price Faces Dollar Headwind | Metals and Mining |
