Gold Softens Amid Dollar's Strength and Anticipation for Major Events

Gold is softening as the dollar catches a small bid following a slight US PMI outperformance to what we saw in Europe. Gold isn’t going to have a major move until we either get a major earnings update that moves sentiment or until we get to the FOMC decision. Gold looks like it might be poised to consolidate between the $1950 and $1970 zone.