What’s driving gold prices right now?

From blog.hycmlab.com

Gold prices rose 2.57% last week as markets firmed up the $1700 support level for gold. The question everyone wants to know is, ‘should you buy the dip’? Here are the reasons that the current dip in gold is suitable for buying and the key risks that would change this outlook. The last Fed meeting showed a dovish move as the Fed moved to a meeting-by-meeting basis. The Fed recognised slowing growth in the US and the markets took this to mean that the Fed would potentially slow the rate of hikes if the US economy started slowing. Technically the US is in a recession, so any metrics that show slowing growth will ... (full story)