“Gold is down as the U.S. dollar strengthened slightly this morning. In the short term, a rebound in the USD might inhibit the rally in gold,” said DailyFx strategist Margaret Yang.
“Gold has registered a 3% gain over the past two days, rendering the metal prices vulnerable to profit-taking activities.”
The dollar index edged 0.1% higher against its rivals after hitting a more than two-year low in the last session. A stronger greenback makes gold expensive for holders of other currencies.
https://financialpost.com/pmn/business-pmn/gold-dips-below-2000-as-doll…
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