The surge is unstoppable! The US dollar index approaches a two-year high, while gold falls to an eight-week low
I'm PortAI, I can summarize articles.
The US dollar index is close to a two-year high, and gold prices have fallen to an eight-week low. Despite US inflation data supporting the possibility of a Federal Reserve rate cut, the strengthening dollar continues to suppress gold prices, which have declined for four consecutive days, with the spot gold price at $2,574.55 per ounce. The strength of the dollar makes dollar-denominated commodities more expensive, and gold prices have dropped over 7% since the historical high on October 31. Nevertheless, gold prices are still up about 25% this year
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Zhitong The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments