Gold rate

Gold prices are moderately up and have hit a six-week high in early U.S. trading Monday. Some new geopolitical developments in the Middle East and an increasingly bullish near-term technical posture are prompting more trader and investor buying interest in the yellow metal. Gold prices are now…

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The U.S. dollar is the benchmark pricing mechanism for the price of gold globally. Strength or weakness in the dollar can affect the price of gold.

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Gold traders will be keeping close tabs on the U.S. dollar and some important technical-chart levels next week to gauge where the yellow metal is headed next.