At least for today, it seems the pendulum is swinging into bullish territory in regards to gold pricing. Recent declines in gold pricing have been based on two primary factors. First, dollar strength has weighed heavily on gold pricing.

“I’m going to raise a fuss, I’m going to raise a holler, about working all summer just to try to earn a dollar.”

Gold futures are trading under pressure today with the most active August contract currently trading down $6.40 and fixed at $1,224.70. This makes for a net decline of just over half of one percent today.