Wed, 23 Jul 2014 10:06:09 GMT
Gold below three-month high
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.