While the dollar remains below its multi-month high in the early action today, it appears to be poised to forge a higher high later today which will certainly threaten gold which is tracking moderately higher in the early going.

Fortunately for the bull camp, US interest rates are showing a lower track early and commodities in general are showing positive action.

However, gold continues to face bearish internal forces with gold ETF holdings reduced for the fifth straight session and UBS cutting its year-end gold price forecast...[MORE]

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