Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency.
Dollar
US Dollar near familiar range after PCE data
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against a basket of currencies, is currently flat near 104.30 on Friday following the release of the Federal Reserve’s (Fed) preferred inflation metric — the Personal Consumption Expenditures (PCE) Price Index. The reading showed a mild uptick, helping the Greenback hold recent levels. However, the rally appears capped as safe-haven flows favor Gold, and technical signals remain bearish.
Crude Oil resists dollar pressure to hold at three-month high
Crude Oil prices eased on Monday, pressured by a strong dollar, but remained at their highest since mid-October as colder weather spurred buying while further support came from expectations of tighter sanctions on Iranian and Russian oil exports.
ब्याज दर में 50 आधार अंकों की कटौती की संभावना कम होने से सोना 2,500 डॉलर के आसपास कारोबार कर रहा है
सोना (Gold) मंगलवार को 2,500 डॉलर के आसपास कारोबार कर रहा है, जो पिछले कुछ सप्ताहों की अपनी परिचित सीमा के भीतर बना हुआ है, क्योंकि व्यापारी मौद्रिक नीति के दृष्टिकोण और अमेरिका में ब्याज दरों के भविष्य के मार्ग का आकलन कर रहे हैं , जो सोने के लिए एक प्रमुख प्रदर्शन संकेतक है।
मजबूत डॉलर के कारण कम भंडार की तुलना में तांबे में गिरावट आई है
मजबूत अमेरिकी डॉलर (DXY) और शीर्ष उपभोक्ता चीन में नरम मांग के कारण बुधवार को तांबे की कीमतों (Copper Prices) में गिरावट आई, जबकि कम भंडार से धातु को कुछ समर्थन मिला।
Crude Oil edges higher on weaker dollar, demand optimism
Crude oil edged higher toward $64 a barrel, aided by a weaker dollar, as traders monitored a patchwork demand recovery from the pandemic.
Gold price Holds Decline After Fed Minutes as Dollar, Yields in Focus
Gold price holds decline, tracking movements in the dollar and bond yields, with investors weighing the latest insights into the Federal Reserve’s stance on monetary policy and inflation risks.
Gold Gains for Third Day on Weaker Dollar, U.S. Stimulus View
U.S. Stimulus : Gold climbed to a one-week high as the dollar and real U.S. Treasury yields declined, with investors weighing prospects for a fast-tracked stimulus package in the U.S.
US Dollar Q1 2021 Forecast: Gold Silver Reports
In a year where sellers dominated the currency, it’s become increasingly difficult to expect anything different to happen. For Q1 of 2021, I’m looking for a continuation in the bearish backdrop that’s become so incredibly loud around the US Dollar.
Dollar Dips, Gold Climbs; Stocks Hold Near Record: Markets Wrap
The dollar slipped and global stocks held near a record as trading got underway in Asia on Monday. Gold and Treasury yields climbed.