Gold dips as strong U.S. dollar, yields dent appeal

[Google News Bot]

Gold prices slipped on Monday, weighed down by a firm dollar and elevated U.S. bond yields, while expectations of another hefty rate hike by the Federal Reserve kept investors on the sidelines. Read More ...

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[Bookwormlux1]

Gold is of high demand and a commodity that is always being used by people to go about their normal fashion activities.

I believe it'll appreciate again, more than before.

 

[Genie011]

Gold is of high demand and a commodity that is always being used by people to go about their normal fashion activities.

I believe it'll appreciate again, more than before.

It is not wrong to think that way, but currently the dollar is currently bullish and alot of technical and fundamental factors supports that Dollar would continue it's rally. It is negatively correlated with gold.

 

[Kvngsammy]

I've noticed that gold has been dipping a lot recently (for over 3 weeks now) and the lingering question is "does the stable price of base currencies affect the price of gold or other precious metals?

 

[Ayojesu]

as long as institutional data and hedge funds investments are backing USD and the central bank numbers are positive on USD, gold will continue to dip