As of 5:35 PM, EDT gold futures are currently up $17.70, a gain of almost a full percent, and fixed at $1865.50. Dollar weakness accounted for approximately one-third of today’s $17 gain.

103.80 was and continues to remain an important price level of technical resistance for the U.S. dollar index.

Gold prices closed higher on the day and the week resulting in solid gains. As of 5:50 PM, EDT gold futures basis most active June contract is currently up $3.90 or 0.21% fixed at $1845.10.