Institutional analysis: Weak U.S. economic data will weigh on the dollar

Sean Lusk, co-director of commercial hedging at Walsh Trading, said that if the U.S. economic data is significantly weaker next week, it will continue to weigh on the dollar, which is good for gold, which is likely to test $1,760 an ounce next week. The rally is being sold off, and that won’t change until there’s a better understanding of where rates are heading.