Gold prices dipped Monday as the US Dollar rose, China tightened its zero Covid lockdowns, and short-covering in Comex futures and options contrasted with GLD and IAU ETF outflows
Gold flatlined versus a falling US Dollar on Friday, holding near 3-month highs despite fresh GLD and IAU ETF outflows as Fed hawks and now the UK Government moving to tighten policy to try fighting inflation
Gold prices fell Thursday alongside stocks, bonds and commodities as the UK government tightened its fiscal policy and another member of the Federal Reserve said US interest rates need to keep rising to fight inflation
Gold prices fell in Dollars and Yuan but rose in other currencies Monday ahead of this week s US Fed decision on interest rates while gold-backed ETFs shrank again and Comex speculators grew their bearish bets but China and India demand was strong
Gold prices fell as Asian stock markets dropped early Thursday before rallying in London but holding on track for the lowest weekly close in US Dollar terms since April 2020