The key economic data the Federal Reserve relies on to guide the decision on its current monetary policy are the employment numbers, as well as inflationary data.

There are three primary driving forces currently at play that have pressured gold prices lower.

Gold regained a price above a key phycological level when it closed at $1800, up +0.4% in New York. As of 5:10 PM EDT gold futures basis, the most active December 2021 Comex contract was trading up $2.80 (+0.16%) and fixed at $1796.30.