Lind Waldock in Chicago, senior market analyst Adam Klopfenstein said, "People are shooting first and then ask questions. Cash, bonds and the dollar reduces the appeal of commodities."
He said that investors will pay close attention to the final closing price of gold, it could mean gold will go into depth adjustment. He also pointed out that if income below $ 1,376 an ounce, then the possibility of market entry will be a large adjustment, but if gold prices fall too much, the fund will be dips buying gold.
The current U.S. dollar index rose 0.3% to 79.39 points.
U.S. dollar prices are usually not conducive to the commodity markets, because for investors holding other currencies, the dollar means that dollar-denominated commodities more expensive. For gold, the gold dollar would weaken the ultimate currency.