On Thursday, gold prices experienced a pullback, ending a three-day winning streak. FXStreet analyst Christian Borjon Valencia wrote an analysis of gold price trading, citing the primary reasons as the rebound of the US dollar and investors taking profits after gold prices hit a two-week high. Spot gold closed down $20.14, or 0.61%, at $3,294.81 per ounce. Earlier in the session, gold prices had reached their highest level since May 9, before falling more than 1%, with the decline narrowing towards the end of the session. Valencia wrote that the pullback of gold prices from their two-week high was mainly due to the strength of the US dollar and stronger-than-expected US PMI data.