Spot gold benefits from a weak dollar, and the pace of Fed tightening is expected to be relatively slow.
The original title: spot gold benefits from a weak dollar, and the pace of Fed tightening is expected to slow relatively on Tuesday. Spot gold prices rebounded as the dollar index fell to a low of 93.505 since Sept. 28. Overnight industrial production data from the United States were weak, and the market was betting that monetary policy in other countries would normalize faster. 20:28 Beijing time, spot gold rose 0.76 per cent to $1778.19 per ounce; COMEX gold futures rose 0.74 per cent to $1778.9 per ounce; and the dollar index fell 0.33 per cent to 93.661.
匯通網Oct 19, 2021 20:34