Thursday , 7 November 2024
Home Forex Gold plunges from record high as US yields and USD strengthen
Forex

Gold plunges from record high as US yields and USD strengthen

Gold price plunges from all-time high of $2,758 on Wednesday as US Treasury yields climbed, while the Greenback refreshes a two-month high, according to the US Dollar Index (DXY).

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Japan’s Top FX Diplomat Mimura: Closely watching FX moves with a high sense of urgency

Atsushi Mimura, Japan’s Vice Finance Minister For International Affairs and top foreign...

China state banks seen selling USD/CNY – intervention to slow yuan drop

They did the same yesterday. They won't stop a rampant US dollar,...

Australian Dollar remains tepid following a lower Trade Balance, Trump’s victory

The Australian Dollar (AUD) remains subdued against the US Dollar (USD) for...

Trump Victory Implications: Market Outlook and Sector Analysis

Abrdn plc (formerly Standard Life Aberdeen plc) is a United Kingdom-based investment...