Gold decline continues after last week’s strong weekly price drop
Gold decline continues after last week’s strong weekly price drop Prices of both spot and futures gold declined between 0.30% and 0.40% today, a direct correlation to dollar strength and higher U.S. Treasury yields. The dollar gained 0.35% in trading today taking the index to 103.05. After last week’s dramatic decline in gold, the first trading day of the week is indicating a continuation of the down-trend based on the most recent economic data. Economic strength and continued inflation will…