Category: the US dollar

Gold Prices Hits Lowest Level in Nine Months

July 12, 2022
Business & Marketscommoditiesconsumer price indexeconomyGold Priceshigh inflationMarketsthe US dollarUS
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Gold prices weakened in Tuesday trade to its lowest level in nine months, while the dollar strengthened ahead of the crucial U.S. inflation data release. Spot gold prices fell to $1,722.36 per ounce during early trade on July 12, the lowest since Sept. 30. It later recovered and was trading at around $1,734 by 5:16…

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Dollar Holds After Job Report Posts Positive Numbers and European Tensions Flare

April 5, 2022
Business & Economydollar indexeconomic policieseconomyEuropeInternationaljobs reportMarketsRussia-Ukraine Warthe US dollarUkraine invasionUSUS NewsWorld
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The U.S. dollar gained ground for three straight sessions assisted by robust U.S. job growth in March, expectations of faster rate hikes by the Fed, and the prospect of increased sanctions on Russia amid rising Ukrainian civilian casualties. The USD/EUR rebounded from a low of 0.8946 on March 30 to end April 4 at 0.9112,…

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