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Gold prices have been trading lower in the recent weeks as investment interest in the commodity is waning with fall in gold holdings in the gold trust.
Strength in the dollar index has been the factor influencing the weakness in the yellow metal and these factors will continue to be the significant focus for the investors in the coming months.
Although, US economy is on a mend, the actions taken by central banks (Euro-zone and Japan) to prop up its economies will likely result in to weakening of their respective currencies and strength in the dollar in turn prices heading lower.
Falling oil prices, Swiss referendum not to boost its gold reserves, waning speculative and investment activity are all indicating that the yellow metal is losing steam and the asset class has more room for further downside.
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