Gold with a third consecutive drop

Gold prices dropped for a third consecutive trading session yesterday after the dollar pushed from its three-year minimum in the past week. Investors await the protocols of the Fed meeting later this week for more clarity about the future policy of the reserve.
The spot price of gold fell 0.6%, or its biggest daily decline in two weeks. The noble metal traded at levels of $1 339 per ounce.
Gold futures fell 1.2% to $ 1,340.40 an ounce, marking its biggest daily decline since November 2017.
The dollar index, following the US dollar's performance against a basket of six major currencies, rose 0.5 percent to 89.544 points. It dropped to 88,253 points last week, which was its lowest value since December 2014.
The US currency has shown signs of deprivation after some investors bought the dollar after its record sales last week.
Last week was the best gold for more than five months when the metal added 2.4% to its value as a result of rising US inflation and declining tensions.
The spot price of gold is expected to find strong support at a level of $1,326 per ounce.