Gold is cheaper in a background of a rising dollar and record indices

New records for US indices did not particularly affect gold. Investors dropped the metal, demanding higher returns and a "high security" environment.
There is another fact about the calm of the market. The continuing decline in the volatility index of the Chicago stock exchange.
Otherwise, gold futures with delivery in August lost $9.8 in value, or 0.8% to $1,246.70. It was the seventh consecutive closure of a negative territory for gold, from the last nine sessions.
The Fed's policy of normalizing interest rates also had a negative impact on gold.
In addition, US indices reached new record highs yesterday and the US dollar appreciated.