Gold falls as Trump’s decisive election win drives up U.S. dollar
Bullion tumbled as much as 1.5 per cent as Trump’s victory rippled through global markets, with United States Treasury yields jumping and the dollar strengthening the most since 2022. A surge in the currency makes bullion pricier for many buyers.
Gold prices rebounded from a three-week low on Thursday on the back of a weaker dollar and as investors awaited the U.S.
The Wall Street Journal on MSN13m
Gold Futures Slip, Set to End Week Down on Higher DollarGold edged higher in the early Asian session, supported by the Fed’s rate cut overnight, which increases the appeal of the non-interest-bearing precious metal.
Gold was helped Thursday by a retreat in the dollar, with the dollar index dropping 0.6% against rival currencies after surging to a four-month high following Trump's win; spot gold maintained gains ...
Gold prices rose more than 1% on Thursday, helped by a retreat in the U.S. dollar, while the Federal Reserve cut interest ...
Gold's price has dropped to a three-week low, which could present a good opportunity for investors. Here's why.
Gold prices plummet as Trump’s election victory boosts the US dollar and Treasury yields. Market sentiment shifts towards ...
Gold prices rose on Thursday but traded near a three-week low, as market participants awaited an expected rate cut decision by the U.S. Federal Reserve later in the day.
Gold futures slump 2.5%. The fall to three-week lows reflects a soaring U.S. dollar and Treasury yields after Donald Trump won the U.S. presidential election.
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