Looking ahead, Teves said that the gold market is expected to refocus on macroeconomic factors, such as real rates, US Federal Reserve policy and growth prospects. Gold prices extended their pullback to fall by more than 1% on Monday, when the dollar held close to two-decade highs, diminishing the metal's attractiveness. It is tempting to think that gold represents an objective and unshakable measure of wealth, especially considering the role of metal as an investment throughout civilization. The value of gold goes up and down just like any other investment.
While gold will almost certainly never gain or lose relative value as quickly as penny stocks and dot-com initial public offerings, gold price movements can still convey information.
