Gold continues to lose positions

Gold fell yesterday after investors were eagerly awaiting the announcement of the new Fed leader who would feed the dollar. At the same time, US indices are trading very close to their record highs.
President Trump told the media on Monday that he was "very, very close" to his choice of a new Fed leader.
The spot price of gold fell by 0.5% to $1 276 per ounce after falling to $ 1,271.86 an ounce a day earlier.
Gold futures with delivery in December fell by 0.2 percent to $1 278.9 per ounce.
The spot price of gold lost 6 percent of its one-year high on September 8, at a level of $1,357.54 per ounce. Expectations are that the Fed will raise rates in December for the third time this year.
Gold also does not receive support in the direction of geopolitical uncertainty. Recently, there is nothing new about North Korea, or the situation seems quite relaxed.

ANZ: The bearish attitudes to the dollar are overexposed

The US dollar received a serious "slap" this year, with the dollar index down by 9% since the beginning of the year. Not all analysts, however, are so negative towards the dollar.
The political uncertainty surrounding the Trump administration is cited by ANZ analysts as the main reason for the "excessive depreciation of the dollar" over other major currencies.
Leverage funds currently have a net short position in the dollar, which has taken the levels of "green money" far beyond the foundation, analysts said.
The weakness of the underlying reserve currency became a reality, despite the rise in Fed's interest rates, which outstripped other central banks around the world. In addition, the Fed's balance sheet is expected to start shrinking relatively soon, which will be another factor that will work to support the US dollar.

Dollar at 14 years peak after the Fed's decision to raise the rate

The dollar reached 14 years peak to a basket of major currency rivals on Thursday after the US Federal Reserve has increased the number of expected rate increases in 2017, reviving lasted for a month rally and hitting the currencies of emerging markets.
The US Federal Reserve raised its key interest rate by a quarter point and indicated to accelerate the increase in the cost of borrowed funds in 2017 after promises of President-elect Donald Trump to spur economic growth with tax cuts, increased spending and deregulation.
The range of federal funds rate has been raised to 0,50-0,75 percent as expected by financial markets, however, the signals that the Fed could raise rates three times in 2017, instead of two, as expected in September, seems to have caught them by surprise.
By 5.53 GMT the dollar index to continued rally and rose by 0.57 percent to 102.32. It touched the mark of 102.620, the highest since January 2003. Euro fell by 0.3 percent to $ 1.0503 after falling to a minimum of 21 months to $ 1.0468.
Dollar on Thursday struck a 10-month high against the Japanese yen, reaching 117.860 yen, rising by 0.3 percent to 117.50.