Gold hits record, dollar drops as tariff fears dampen sentiment
16 Articles
16 Articles
Gold Hits Record High as Dollar Sinks and Trade War Fears Mount
Gold touched a record high on Monday as the dollar sank to a three-year low and trade war concerns between the United States and key trading partners stirred recession fears, making investors lean towards the safe-haven asset. FUNDAMENTALS Spot gold advanced 1% to $3,361.53 an ounce as of 0037 GMT. U.S. gold futures firmed 1.4% to $3,375.90. The dollar index hit a three-year low, making gold more attractive for other currency holders. On Sunday,…
Gold hits record high on weak dollar, trade war woes
BENGALURU: Gold touched a record high on Monday as the dollar sank to a three-year low and trade war concerns between the United States and key trading partners stirred recession fears, making investors lean towards the safe-haven asset. © New Straits Times Press (M) Bhd
XAU/USD climbs to record high near $3,375 on fresh safe-haven demand
Gold Price rises to around $3,375 in Monday’s early Asian session, up 1.43% on the day. Significant uncertainty over Trump’s tariffs on imports into the US supports the Gold price. The Fed’s hawkish remarks might cap the upside for the XAU/USD. The Gold Price (XAU/USD) drifts higher to a fresh record high near $3,375 during the early Asian session on Monday after facing some profit-taking due to the long weekend. Uncertainty about US Presiden…
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