Down nearly 4% in a week! Gold loses to US dollar in the fight for preferred safe-haven asset

The US dollar index has been on the rise since the start of the year; however, the pace of gains has increased lately, putting pressure on commodities at large. Other safe havens like the Japanese Yen and Swiss France have failed to benefit as much.The US dollar has gained nearly 3 per cent since the start of the month and has tested the highest level since 2002. The index rose a total of about 4 per cent in the entire first quarter.

from Commodities-Markets-Economic Times
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