Gold Futures Rise, Recovering Some Losses as Dollar-Surge Tapers Off

Gold futures rose, recouping some ground as the U.S. dollar’s rally slowed, BMI said, adding the Fed’s likely more-cautious approach to rate cuts will be a headwind, but while there are strong downside risks to gold in 2025 and significant volatility should be expected, in the longer term prices should stay elevated compared with the prepandemic levels. Source link

Read More

Gold nears seven-week low as U.S. dollar surges on Trump win

Article content Gold slipped to its lowest level in more than seven weeks as the U.S. dollar continued to strengthen following Donald Trump’s election victory. Bullion fell as much as 1.1 per cent — after sliding 2.5 per cent in the previous session — as a gauge of the dollar rose to its highest level in a year. The gains, which make commodities priced in the greenback more expensive for

Read More
  • 1
  • 2