“However, besides other strong fundamentals like weak economy and lower interest rates, Australian and U.S. mints reporting very high demand for gold coins will take gold above $2,000 in the long run.”
The dollar index <.DXY > rebounded from a two-year low after data revealed that manufacturing activity in the U.S. increased more than expected in August, which followed similar positive indicators this week from China and Europe.
A stronger greenback makes gold expensive for holders of other currencies.
https://www.reuters.com/article/global-precious/precious-gold-eases-as-…
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