Gold Price Drops

Gold falls as USD strengthens The XAU/USD pair trades at $4,037, down 0.12%. The US Dollar rebounded from month-and-a-half lows after US and Japanese authorities intervened in the FX markets. The Institute for Supply Management reported that the Manufacturi

Gold falls as USD strengthens

The XAU/USD pair trades at $4,037, down 0.12%.

The US Dollar rebounded from month-and-a-half lows after US and Japanese authorities intervened in the FX markets.

The Institute for Supply Management reported that the Manufacturing Purchasers Managers Index expanded at the highest pace in four years, with the PMI improving from 53.3 to 55.6.

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