A solid upside spike characterizes pricing in the precious metals complex as a whole today. Gold futures gained $8.50 (+0.65%) and as of 3:45 PM Eastern standard time is fixed at $1,321.50. 

The catchphrase “follow the money,” popularized by the 1976 film All the Presidents Men, suggested that if you’re looking for a motive behind an event, you simply need to follow the money.

Once again, a strong U.S. dollar has curtailed any sustained upside move in gold. Today, for example, traders bid up spot gold by $5.20. However, dollar strength took away $4.60 of that move.