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Gold Headlines

Gold slips as dollar rebounds; set for second weekly decline (reuters)

“The dollar has made a lot ground over the past few days and it really has taken the edge off gold,” said OANDA analyst Craig Erlam, adding that while on the upside $2,000 is now a big barrier and $1,860 could be a bit of test prior to that. Against a basket of currencies, the dollar gained 0.6%, making gold more expensive for holders of other currencies. https://financialpost.com/pmn/business-pmn/gold-slips-as-dollar-rebounds-set-for-second-weekly-decline

Gold prices slide for 3rd session, setting stage for first back-to-back weekly skid since March

The dollar was up 0.5% early Friday, putting a measure of the buck against a half-dozen currencies, the ICE Dollar Index, on track for a weekly rise of 0.2%, prompted partly by comments from the Federal Reserve that implied that the central bank isn’t yet willing to implement unconventional strategies to hold interest rates lower for longer amid the COVID-19 pandemic. “Gold bulls have been missing in action this week as investors digested the latest Fed minutes which temporarily injected…

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