A strong US dollar remains a threat to gold’s value. But Saxo Bank’s head of commodity strategy Ole Hansen asks: what other factors are in play?

He examines how gold is trying to make a slight recovery with several different aspects helping the yellow metal.

Both US dollar and US bond yields are retracing their recent strong gains, says Hansen, who explains what this means for gold. 

He also looks at how gold has been affected by selling pressure from hedge funds and how gold is faring against other currencies.