Gold with a third consecutive decline, as a result of the strong dollar

Gold fell for a third consecutive session on Wednesday, driven by strong dollar pressure and speculation who might be the next Fed leader. And the expectations are him to be far more aggressive in terms of interest than Janet Yelan.
Gold lost 0.3% to $1,280.86 per ounce with immediate delivery. Its lowest value for the day was at a level of $1,277.14, or a level unseen since October 9.
Gold futures, with delivery in December, lost 0.3 percent to $1,282.60 per ounce.
The rise in interest rates for the following year is not fully appreciated by the dollar, according to market observers. And this reflects very negatively on the price of gold.