The decline in gold prices can be attributed to the sustained strength of the US dollar. As the dollar strengthens, it exerts downward pressure on commodity prices, including gold, making it less attractive to investors seeking alternative assets. This inverse relationship highlights the interconnectedness of currency and precious metal markets, with a stronger dollar contributing to the downward trend in gold prices.
The decline in gold prices can be attributed to the sustained strength of the US dollar. As the dollar strengthens, it exerts downward pressure on commodity prices, including gold, making it less attractive to investors seeking alternative assets. This inverse relationship highlights the interconnectedness of currency and precious metal markets, with a stronger dollar contributing to the downward trend in gold prices.