Gold dips as solid U.S. manufacturing data lifts dollar

"A stronger greenback is weighing on the precious metal," said Margaret Yang, a strategist with DailyFx, which covers currency, commodity and index trading community.

"The broader picture is still in favour of gold, as the U.S. Federal Reserve and other central banks are likely to stay accommodative for an extended period of time."

The dollar index bounced off two-year lows after U.S. data showed manufacturing activity accelerated to a near two-year high in August. A stronger greenback makes gold expensive for holders of other currencies.

https://finance.yahoo.com/news/gold-ticks-weaker-dollar-solid-025235127…