Strong U.S. dollar takes the shine off gold

Reuters Videos
2 年前

STORY: Prices are down to their lowest level since Jan 31, as a strong greenback hammers demand for bullion

Spot gold fell 1.4% to $1,786.60 on Monday, following four straight weeks of decline

Analysts predict the momentum is heading away from the once-shiny safe haven

Anxiety about Ukraine powered gold to near-record levels in March, but those gains are almost wiped out now

The U.S. dollar is near a two-decade peak, as Chinese economic woes continue to hurt other currencies

Bullion priced in U.S. dollars therefore makes gold expensive for overseas buyers

Analysts say holding onto reserves in cash can be a better option than stocking up on zero-yield bullion