Gold loses to US dollar as central banks rush to act; down over 1% for the week - Business News, Finance News, Share Market News - Market trendz

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Saturday, 7 May 2022

Gold loses to US dollar as central banks rush to act; down over 1% for the week

The US dollar index slumped immediately post the US Fed decision but witnessed a sharp rebound and tested fresh 2002 highs just the next day. Similarly, gold bounced back to near $1910/oz level in reaction to the US Fed decision before sliding back close to $1880/oz level.

from Commodities-Markets-Economic Times
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