Gold price movements are heavily influenced by the path of the US dollar and the movement of US Treasuries. The movement of both the US dollar and Treasuries is dependent on the path of US interest rates. If markets perceive a coming increase in interest rates out of the United States, then yields and the USD rises. The strongest influence on gold is when yields and the dollar move together. They have an inverse relationship, so rising yields and a rising dollar can make gold fall and vice versa. One of the key factors influencing the path of US interest rates is obviously how the US is doing in its battle against ... (full story)