Extending the late recovery last Friday after the Senate floor’s passage of its version of the tax reform bill with a 51-49 vote, US dollar jumped across the board today. Currently trading at a 2-week high against Japanese yen, the greenback got dumped last Friday amidst new developments of the “Russia gate”. Former White House national security advisor Michael Flynn agreed to testify against the Trump administration …
Author: Jerome9277
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Gold Rallied as USD Fell to 8-Week Low
Gold rallied for another day as the US dollar slumped to the lowest level in 8 weeks. Disappointing US consumer sentiment damped speculations of Fed’s tightening whilst investors stayed cautious ahead of the FOMC meeting. The benchmark Comex gold contract jumped to a 3-week high of 1214.9 before ending the day at 1213.9, up +0.89%.
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Gold Rallied as USD Fell to 8-Week Low