A driving force for the American currency uptrend was Tuesday's positive statistics on business climate in the US manufacturing sector.
The dollar index versus the 6 currencues basket leveled up by 50 points to the mark of 79.3 points.
Meanwhile, the doubts concerning the ascending trend were also fueled up by the ADP findings unveiled on Wednesday. According to this information, the number of payrolls in the US private sector had advanced for April by 119 thousand people, although the analysts were expecting a 175 thousand surge.
Weak US performance together with the European negative statistics on the unemployment and business confidence easing - all these issues have moderated the gold demand. The ounce of this precious metal narrowed its price to 1647 dollars and 50 cents.
The gold quote downgrading is also explained by an excessive investors' interest to the American unit observed for some time past. Moreover, the gold market is influenced by technical sales and profit fixation.
