Gold prices are facing headwinds as the US dollar continues to strengthen. A rising dollar generally makes gold, which is priced in US dollars, more expensive for buyers using other currencies.

This inverse correlation between the dollar and gold is a key factor influencing the precious metal’s price. When the dollar strengthens, demand for gold tends to decrease, leading to price declines.

Analysts are closely watching the dollar’s performance and its potential impact on gold markets in the coming weeks. Any further strengthening of the dollar could put additional pressure on gold prices.