The US dollar hit the highest point in over a month on Monday Gold prices hit the lowest point in over a month Investors are waiting for new catalysts to determine the downside space

The US dollar hit the highest point in over a month on Monday

Gold prices hit the lowest point in over a month

Investors are waiting for new catalysts to determine the downside space

The US dollar hit its highest point in more than a month on Monday, as investors sought refuge due to concerns about the Asian economy, while traders prepared for possible intervention by the Japanese government, after the yen hit its lowest point since November. Gold prices have hit their lowest point in more than a month, and investors are waiting for new catalysts to judge the downside. Last week's US inflation data was mixed.

Gold prices hit the lowest point in more than a month on Monday, and the strengthening US dollar has reduced gold's attractiveness. Investors are waiting for new catalysts to judge the downside potential. Last week's US inflation data was mixed. The US dollar jumped 0.3%, reaching its highest level in more than a month, with the benchmark 10-year US Treasury yield hitting a nine month high on Monday. Bart Melek, head of commodity strategy at TD Securities, said, We continue to see a significant decrease in long and a significant increase in short exposure to gold. Speculative investors are withdrawing from the gold market, and interest rate expectations are an important factor. Technically, a drop in gold below the $1,900 level is not a big problem. We have reached recent support levels, and with short-term interest rates rising, the possibility of gold falling is quite high.