Gold down 3% in a week! Bulls lose nerve as US dollar remains the preferred safe haven https://ift.tt/oShTEYN US dollar index rose sharply last week and tested a 1-month high. The US dollar index edged up amid ongoing debate about the Fed’s monetary policy stance and amid increased safe-haven buying on the back of geopolitical tensions and growth worries.The trend in the US dollar has been one of the key price determining factors for gold and this relationship remains intact as market players try to assess Fed’s monetary policy stance.
Sunday, August 21, 2022
Home
Economic News
Gold down 3% in a week! Bulls lose nerve as US dollar remains the preferred safe haven | Economic Times
Gold down 3% in a week! Bulls lose nerve as US dollar remains the preferred safe haven | Economic Times
Subscribe to:
Post Comments (Atom)
-
Tough challenges await Rishi Sunak: Tory strategists https://ift.tt/ibXqIld has successfully eaten into the opposition poll lead - Keir Star...
-
Cryptocurrency, or "crypto" or "tokens", is all the rage right now. People are buying and using cryptos for varied purpo...
-
Ascension - Farmington Hills, MI - We Are Hiring: Work Schedule: Position is based at theFarmington Hills Internists physician office. Hours...
No comments:
Post a Comment