The weakness of the strength factors and the continued gains of the US dollar contributed to the selling of gold. This led to the price of gold moving towards the support level of $2,309 per ounce, the closest point to moving towards the support level of $2,300 per ounce. The selling operations coincided with investors waiting for US economic reports this week to clarify the timeline for cutting US interest rates by the Federal Reserve.The main points of focus include the core personal consumption expenditures index data, the Federal Reserve’s preferred inflation measure, along with consumer spending and income, the ... (full story)