What's Really Driving Gold These Days?

Many gold bulls are frustrated that during last year's U.S. dollar decline, the precious metal didn't rally more strongly. After all, the U.S. dollar had a terrible 2017.One might assume that this would have been an ideal environment for gold. I have even heard the argument that since gold couldn't rally more strongly during this period, when the U.S. dollar eventually stops declining, gold will be vulnerable to a big sell off.