Gold price dropped Friday (July 23th) and recorded a fall last week as USD gets stronger, mounts and better retail markets have reduced the attraction of gold.



After Friday's trade session, Gold contract has dropped 0.3 % off to $ 1,800.72 / oz. The future gold contract has lost 0.2 % to $ 1,801.80 / oz.
Gold dropped by 0.7 % this week after reaching the top level last week, when the concerns about the increase of Covid-19 Delta has reduced investors leaving safe property when the attraction of return.
The USD's contributions to pressure on precious metals is stronger with USD records rising to nearly three months and a half-year-old U.S. capital. High interest rates have pressure on gold.
Market is now focusing on a US Federal Bank meeting next week after ECB Central Bank (ECB) on July 22th, promise to keep low interest rates on record period.