After trading to above $1300 (an intraday high of $1306), resulting in gold prices reaching a three-month high, a strong U.S. dollar today has caused the precious yellow metal to trade lower on the day.
Recent Reports
Gold prices continue to rise this week, trading to an intraday high of $1299.70. As of 3:30 EDT, gold futures are trading up $5.40 at $1297. The net gains of gold in 2017 are now residing at around 11%.
Since the presidential election and victory by Donald Trump, the U.S. equities markets have been on a rampage. This has resulted in setting forth one of the most dynamic rallies in American history.