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Gold: Benefitting from a Weak US Dollar
Gold is trying to benefit from the weak US dollar, but its rebound gains did not exceed $1816 before stabilizing around $1806 as of this writing. The price of gold is caught between healthy risk appetite and a weak dollar, which explains its limited performance in recent trading sessions. The bearish performance will strengthen in the event that the price stabilizes below the level of $1800. Global financial markets have recently gained momentum from the global progress in the pace of vaccinations, which paves the way for a strong global economic recovery. Britain has begun developing a roadmap for gradually lifting ... (full story)