It is worth recalling that the strong fall in the price of gold last week was caused by the strengthening of the US dollar. The rise in the dollar rate was largely influenced by speculative investors who wanted to close their long positions.
However, we should not forget that the macroeconomic situation remains, as before, very positive for the yellow precious metal. In addition, some speculators have left the precious metals market. In the near future, gold should start recovering from the recent drop. The decisive role in this will be played by the US dollar, the rate of which, according to experts, should begin to decline.