Gold prices edge up after selloff as dollar eases - Business News| Latest News & Reviews On Financial Markets | Themarkettrendz

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Tuesday, 5 July 2022

Gold prices edge up after selloff as dollar eases

Gold lost more than 2% on Tuesday, as sharp gains in the dollar and rising interest rates sapped appetite for the non-yielding asset and sent prices tumbling through psychological support at the $1,800 per ounce level. Safe-haven demand strengthened the dollar in the previous session to levels last seen in 2002, making greenback-priced gold more expensive for buyers holding other currencies

from Commodities-Markets-Economic Times
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