What has been remarkable has been the gold price in the euro. It has held pretty much at €1,061 for the last three business days. This translates into the reality that the dollar gold price is simply reflecting the strength of the dollar against the euro. That phrase [the strength of the dollar] is looking very deceptive because it is falling, but slower than the euro. At the opening in London the gold price in the dollar stood at $1,530 and at time of writing stands at $1,526.85 and the dollar at €1: $1.4363. So for investors who use the dollar to buy and sell their gold, please note you are not trading gold, but taking a position on the moves of the dollar now.

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