New Thought...Gold is doing well despite the rising dollar because inflation in real terms is outpacing Fed rate hikes. Frank Holmes mentioned the other day that if you measure inflation by the way the govt used to measure it back in 1980 we would be 8%+ per annum. Oil is up, cell phone bills stopped falling and everything costs more. Look at eggs in your grocery store.
As for rising interest rates are bad for the gold price. Remember 1980. Gold rose from $35 an ouce years before up to $850 an ounce at the top. What was the interest rate at that time? It was around 20%. As long as inflation outpaces interest rates we will have negative real rates. Guys who follow the real interest rates are seeing the same things. If inflation was not present this stock and the gold price would be getting creamed with the dollar advance.
Strong resistence for the dollar at 92 on DXY. This could be the bump that shakes the last weak hands out before the dollar moves lower. Nothing has changed, the US is still running huge defecits except the only change might be they have to borrow even more money. Eventualy they will print more or devalue vs gold or SDR.