On Thursday Gold weakened while the popular greenback floated near a 60-day top. In the meantime many traders secured their profits before the major central bank gatherings this month. The European Central Bank will meet today. On Thursday the U.S. dollar went near a 60-day top versus a box of important rival currencies. A more robust dollar forced gold to become more expensive for owners of other currencies.
Spot gold fell 0.2% to $1,422.79 per ounce, while U.S. gold futures fell 0.1% to $1,422.89.
JP Morgan signaling a potential sell-off
Daily Analysis - 25/07/2019