(Kitco News) - U.S. dollar direction and comments from Federal Reserve Chairmen Ben Bernanke will influence the gold market next week.
The U.S. dollar’s strength was a factor in gold-price weakness this week, as the dollar index rose to its highest level since August 2010. Whether the greenback continues to rise or pulls back will determine where gold goes next week, market participants said. The dollar’s trajectory itself will likely hinge on what Bernanke says about the U.S. economy in two appearances slated over the next week.
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