On the back of a halt in the rise of the value of the US Dollar, Gold futures seem to moving marginally higher than what was earlier estimated. The Dollar seems to be bucking under the slight technical pressure that it is currently experiencing.

In the most recent trading, the benchmark February gold futures recorded a rise of $6.10 at $1,117.60, as shared by the Comex division of the New York Mercantile Exchange.

Since early November, Gold's inverse relationship with the American Dollar has heated up substantially, and investors are, for most part, purchasing Gold as a "risk play" during the times when the Dollar records a decline. Similarly, as the Dollar rises, Gold is sold in huge amounts.

"The greenback is lower on profit-taking, supported by equity markets today, which is lending support to gold. Some funds are still chalking up gold through ETFs, thus betting on higher prices, which the market sees as supportive too", said Matthias Detremmerie, founder of Goldessential. com.

All throughout the Monday trading, the bullion market managed to record some substantial gains, bouncing off technical support just below $1,100 last week.

Traders, investors and experts have now shared that the value of Gold and the metal's overall future over the coming year will now completely depend on how the Dollar behaves.