August 16, 2017

After declining $18.00 over the last 2 days as the US Dollar Index strengthened, gold prices are down another $1.00 this morning, trading $1,271.00. Retail sales were stronger than expected yesterday. Fed member Dudley thinks a rate rise may be needed before the end of 2017. The minutes from July’s FOMC meeting will be released at 2:00 ET today.