Gold Headlines

Tech Leads U.S. Stocks Higher; Dollar Pares Losses

Dollar Extends Losses

Gold rises to two-week high as dollar stumbles

The dollar index dropped to a more than two-year low against its rivals, making gold cheaper for holders of other currencies. The Fed’s new monetary policy strategy, which could result in inflation moving slightly higher and interest rates staying lower for longer, has triggered a sell-off in the dollar, driving inflows into safe-haven bullion. The U.S. central bank’s new approach to monetary policy means a low unemployment rate on its own doesn’t warrant higher interest rates, Fed Vice…

Shares start month on a high as PMIs point to economic rebound

Japan LDP's Kishida says can show strength in areas of economy, foreign policy

28-month high: Euro aims for $1.20 as dollar selloff gathers pace

The euro homed in on the $1.20 mark on Monday as it scaled another 28-month high while the dollar weakened to a new multi-year low as investors bet the Federal Reserve’s new policy framework meant U.S. rates would stay low for longer. https://www.reuters.com/article/us-global-forex/dollar-dumped-on-rate-outlook-aussie-looks-to-rba-idUSKBN25S371

U.S. dollar's woes are only beginning, some bears say

Gold rises but set for first monthly decline in five

Silver heads for fifth straight monthly gain "There is a significant concern that the (equities) market might have gotten extended and there might be some profit taking coming, which may lead to a rotation back to gold," Sica said. Gold has gained about 29% this year, supported by economic uncertainty stemming from the pandemic as well as the upcoming U.S. elections. https://in.investing.com/news/preciousgold-inches-up-but-set-for-first-monthly-decline-in-five-2403460

Venezuela Fuels Amazon Gold Rush With Petrodollars Drying Up

Mining area has more than tripled since March 2019, NGO says Officials redouble work on mining camps as oil output plummets U.S. sanctions and a collapsing oil industry are prompting Venezuela to step up its push into gold mining, including in protected areas of the Amazon https://www.bloomberg.com/news/articles/2020-08-31/venezuela-fuels-amazonian-gold-rush-with-petrodollars-drying-up

Bond investors cast doubt on Federal Reserve’s inflationary potential