The strength of the U.S. dollar and a bullish trading pushes for a higher price index of gold, closing near the $1,300 per ounce mark.
China competes with US dollar through Petro-yuan and talks trading gold with Iran in exchange for oil supply. Bitcoin slides further to less than $8,000.
While gains are slow for silver, the gold outlook continues to be hopeful despite strong dollar showing.
Coined as 'altcoin', alternative cryptocurrencies are shaking up virtual banking, with more and more people cashing up less on Bitcoin.
The value of the US dollar is currently inflated but might crash down during the mid-term elections.
The buying power of the U.S. dollar has remained fluctuant this year.
The US constitutional crisis, U.S. conflict with North Korea and other geopolitical issues are expected to affect markets.
Bubbles have been emerging in various markets, but there hasn't been one in commodities.
China is planning a broader launch date this year for Yuan-denominated gold futures contracts.
North Korea's recent testing of a hydrogen bomb may have alarmed leading global powers. Stock markets did wobble but showed no signs of failure.