Gold Rises As US Dollar Continues Decline

Posted By: Religare
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Gold futures closed higher in the international market on Monday as the dollar extended its earlier decline despite a slightly higher-than-expected climb in core U.S. inflation.

Gold Rises As US Dollar Continues Decline

Because most commodities are priced in dollars, weakness in the currency can provide support for assets like gold, boosting their appeal among buyers using stronger currencies. Weakness in the U.S. stock market can also lure investors back to the precious metal.

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