US economic strength and an optimistic Fed are driving the Dollar
Dollar exorbitant privilege is undermining gold.
A corrective channel started in April and appears to be taking hold.
Despite many global problems to drive risk aversion, gold is no longer a safe haven.
See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/summer-may-be-hot-but-its-gone-cold/