Gold's outlook still dampened by the Dollar

Gold managed to receive some reprieve after hitting a nine-month low on the account of the conflicts in Hong Kong; however, the yellow metal is still set for its steepest fall since June of last year due to the rise in the Dollar. Gold lost 5.4% this month as it touched $1.206.85 the previous week. There is little hope for gold now as the Fed intends to increase its rates, lessening gold's appeal as an investment. Spot gold managed to add 0.2%, trading at $1.217.76.