The price of gold has declined recently and struggled to stay above $1,940. This is because the US Dollar Index is quite strong at the moment. Investors are feeling anxious about the possibility of a US treasury default, which has resulted in a negative market sentiment. The gold price has experienced an imbalance due to a breakdown in the previously formed consolidation range of $1,952-1,985. Gold may find support near its highest point on May 13, which was $1,914.67.