Gold prices rise as dollar index DXY retreats
The US Dollar Index DXY has continued to retreat, erasing gains since the release of the PPI data and is now at 104.35. Spot gold was up nearly $8 at one point and is now at $2005.28/oz.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Orion180 Insurance Prices $240 Million IPO at $12 a Share
Bank of Japan raises interest rates to 31-year high; Governor Ueda Kazuo: Does not rule out a 50 basis point or consecutive rate hikes, but cautions against excessive tightening of financial conditions
The Bank of Japan (BOJ) raised interest rates on Friday to the highest level in 31 years and signaled its readiness to continue increasing borrowing costs, joining other major central banks in combating the persistent inflation pressures triggered by surging oil prices.
Market Chatter: HSBC Australia Considered for Acquisition by National Australia Bank
Bank of Japan's Policy Rate Unlikely to Rise Above 2% -- Market Talk
Crypto prices
More
