Skip to main content

Gold Prices Stay Near 4-Month High Amid Dollar Weakness


Gold prices held near their highest level in around four months in early dealings on Tuesday, supported by a weaker U.S. dollar languishing near three-year lows.
Dollar weakness usually benefits gold, as it boosts the metal's appeal as an alternative asset and makes dollar-priced commodities cheaper for holders of other currencies.
www.mcxgoldstar.com
7830278303

Comments

Post a Comment

Popular posts from this blog

Gold Prices Rise As All Eyes Turn To Powell

Gold prices edged up on Monday, rebounding from the worst week in more than two months. Federal Reserve’s new chair Jerome Powell would be giving his first speech at the Congress on Tuesday, as investors look for potential clues of future pace of U.S. monetary policies www.mcxgoldstar.com 7830278303
Post a Comment
Read more

Gold Prices Slip, Pull Away From 2-1/2 Week Highs

Gold prices slipped on Thursday, pulling away from the previous session's two-and-a-half week highs posted after mixed U.S. economic reports dampened expectations for a more aggressive rate hike policy by the Federal Reserve. www.mcxgoldstar.com 7830278303
Post a Comment
Read more

Gold Prices Mildly Supported Ahead of Powell Testimony

Gold prices remained mildly supported on Tuesday, as sentiment on the greenback was vulnerable ahead of Federal Reserve Chairman Jerome Powell's first congressional testimony scheduled later in the week. www.mcxgoldstar.com 7830278303
Post a Comment
Read more