Reasons For The Recent Decline In Gold Prices

Positive U.S. macroeconomic data has led to the dollar strengthening against a basket of other currencies. The U.S. dollar Index, which measures the value of the dollar relative to the majority of its most significant trading partners, has risen from a value of 82.75 on September 1 to 84.28 on September 10. Investors expect that improving macroeconomic conditions in the U.S. may lead to a sooner than expected interest rate hike by the Federal Reserve.