A risk-on environment as well as a high probability that the Federal Reserve will implement one last interest rate hike this year have weighed heavily on the price of gold. As such, both of these factors appear to still be in play, with U.S.
Recent Reports
The first day of the last quarter of 2017 began with the dollar surging to higher ground. As of 4 o’clock EDT, the dollar index is trading up 59 points (+0.64) at 93.475.
Gold continues to trade under pressure, closing lower on the day and lower on the week. Losing roughly $18 on the week, gold futures broke below $1300 per ounce to settle near $1283.