| As of this writing, gold for August 2015 delivery is up nearly 0.6%. This is after gold closed the month of May with a 0.4% gain. The media are throwing around different theories about where it is heading next. Many catalysts are tugging on each other and could move gold in either direction over the next month. The strengthening of the dollar certainly has served as a headwind against gold prices.
A stronger dollar means it has become more expensive for foreign investors to consume and invest in dollar-denominated items, including gold. A most notable example is China and India, which accounts for 54% of global gold demand, according to data in World Gold Council records cited by Market Realist. The high dollar relative to their currencies has dampened their enthusiasm for gold investments...............................................Full Article: Source
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