| Largely influenced by U.S. monetary policy and dollar flows, the price of gold has fallen about 10% in 2015 as some investors sold the precious metal to buy assets that pay a yield, such as equities. “The key factor for gold remains the strong dollar and that ultimately trumps all other issues including the economy and the geopolitics,” said Ross Norman, chief executive of bullion broker Sharps Pixley.
The dollar was on track for a 9% gain this year against a basket of major currencies, making dollar-denominated gold more expensive for holders of other currencies. Other precious metals have also been hit by dollar strength and the gold slump, and were headed for sharp annual declines...............................................Full Article: Source
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