CNBC reported that gold prices crossed the $1,700 an ounce on Friday , rebounding from a one-month low.
As quoted in the market report:
We’re retracing the losses from earlier. There was an opportunity to move on the lows,” VTB Capital analyst Andrey Kryuchenkov said. “The dollar is still the biggest obstacle to gold… should the macro data continue to surprise to the upside, the Fed could reconsider what to do with easing.