Last Friday, gold prices recorded the best week in nearly four months, and a lot of those moves were mainly because of the Fed’s dovish tone. If we look at the US Treasury yields, we see the same theme that we can see for the dollar index, which is a move to the downside. Given the fact that gold is trading above the $1,750 price level, if the weakness continues in the dollar index, we could easily see the gold price topping above the $1,800 price level. Read more... |