In late breaking news, Federal Reserve Governor Jerome Powell is seen as the leading contender to become the next Fed Chairman. According to Politico, “Federal Reserve Governor Jerome Powell is the leading candidate to become the chair of the U.S.

Although many analysts have cited U.S. dollar strength as a partial bearish force on gold prices today, that is not the case. Rather it is the risk-on environment prevalent in the U.S.

Gold closed today under dramatic pressure, losing $15 on the day with gold futures settling at $1288 per ounce. A combination of a strong U.S.