The U.S Dollar could bluster Gold price, an expected strength for the U.S. Dollar could cause a decline in Gold price, But why?
The U.S. Dollar ended friday session by a slight decline equal to 0.07. Gold price also ended at a slight decline by 0.37% to reach the level of $1386.30 USD/Ounce of gold in the Spot market. The U.S. Dollar will find a support from investors, after positive data from USA about the labor market and the improvement of the manufacturing data in USA.
The positive data from USA will support the U.S. Dollar, but it will cause a decline in Gold price by the beginning of trading in New York spot market.