Gold hits a fresh 6-month low, sellers in control

From lcg.com

High market volatility and uncertainty surrounding the global trade war doesn’t seem to be helping Gold, whose demand usually increases in times of economic and geopolitical uncertainty. Rather, Gold prices seem to be driven more by the changes in the value of the U.S. Dollar. The Dollar remains strong despite increasing trade tensions and general uncertainty. Recent Trump policies have been quite abrupt, which suggests that his views on tariffs on China could quickly change – consider his rapidly alternating stances on North Korea. Expectations of further U.S. rate hikes also support the rise of the Dollar, ... (full story)