Dollar Rally Weighs on Gold After Fed Official’s Take: Chart

How Much Further Will the Dollar Rally?

Open mouth, move the dollar. Comments by Federal Reserve Bank of Philadelphia President Patrick Harker late Monday that he could see two to three rate hikes in 2016 pushed the U.S. currency to its strongest level since March against the euro and prompted gains against most of its major peers. The short stick: gold, now in its longest losing streak since November.

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