Gold below three-month high

Source: Bloomberg
© Scanpix/Reuters

Gold was traded below its three-month high as investors evaluated U.S. economic data, which led to an appreciation of the Dollar, slowing demand for other alternative investments. Immediate delivery went down from $1,345.17 to $1,307 and had its first drop last week during the previous seven weeks. Gold is positioned on the defensive end against the strong USD, which will keep pressure on the prices.

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