Gold Rebounds As USD Falls Back From Fresh 2018 Highs

From orbex.com

The yellow metal managed to recover this week, trading up off initial weekly lows, to put in a positive week. The move was largely a response to the rally in the US Dollar which traded up to fresh 2018 highs this week on better than expected US CPI before trading back below the level shortly after. Gold prices have been under pressure recently following a recovery in risk sentiment which saw equity markets posting two consecutive positive weeks following the dramatic declines seen earlier. However, equity markets slumped back this week fuelling a stronger safe-haven bid in gold once again. Gold prices remain penned ... (full story)