american dollar

Gold is consolidating near its 8-month high on the weak dollar

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Gold is consolidating near its 8-month high on the weak dollar

Gold prices are on the rise and remain close to their highest level in eight months, buoyed by dollar weakness and hopes of slowing the pace of US interest rate hikes. The instability of the dollar’s price supports the increase in the price of gold Gold prices rallied on Tuesday and remained close to their … Read more

After US Central Bank Raises Interest Rates, Dollar Is Gaining, Gold Is Falling

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After US Central Bank Raises Interest Rates, Dollar Is Gaining, Gold Is Falling

After the US Federal Reserve raised interest rates, the dollar gained and gold prices fell, while oil prices remained stable. The US dollar is making big gains today The US dollar posted significant gains today, Thursday, after the US Federal Reserve raised interest rates by half a percentage point, in line with most expectations, while … Read more