The price of spot gold fell on Monday after a series of hawkish comments from various Federal Reserve officials saw the US dollar being supported. The latest to join the hawkish group was Stanley Fischer who spoke at a conference in Colorado on Sunday. He said that the Federal Reserve was close to reaching its targets of 2% inflation and full employment. Gold prices eased back below $1350 on Monday extending the declines from last Friday to close the session at $1339.06 an ounce.
BoJ’s Kuroda Hints at Policy Easing in September
Daily Analysis - 23/08/2016