On Wednesday, gold was again under pressure amid new USD dollar gains. Having completed the correctional pullback, US currency resumed its upward movement due to the influence of political news and statistical data.
Yellow metal finished the first day of the new trading week with a slight decline, amid the ongoing rally of the American dollar.
Despite moderate growth on Friday , gold completed the last trading week with a slight decline amid serious pressure from USD dollar. In a broader picture, gold is still traded above 1300 and on Friday managed to close above 1310, which is now a closest support line.
On Thursday, gold was able to recover some of lost positions amid increased concerns on the US-China trade negotiations.
On Wednesday, gold continued its local down move on the background of large-scale US dollar gains and dipped to the first really strong area of support.
Gold ended the Monday session with slight decline around 0.35% being somewhat under pressure from USD dollar.