Internationally renowned investment bank Morgan Stanley (MorganStanley) analyst JoelCrane wrote in a report on Wednesday (October 8) that under the pressure of the Fed’s interest rate hike expectations and the strengthening of the U.S. dollar, gold will b
Affected by increased consumer confidence in the United States, the dollar’s rise, and investor gains, the spot silver price fell to $22.27 per ounce to close on May 31, a decrease of $2.07 or 8.5 from the closing of $24.34 per ounce on April 30. %. T…
SharpsPixleys head of gold trading, Ross Norman, said: When the dollar hits a high level, gold is affected, which is clearly what happened this time. There are many things to worry about politically and economically, but people have become accustomed to b
The drop in commodity prices and a wave of gold sell-offs have led to a decline in assets invested in commodities. Barclays said that in the second quarter, investors withdrew US$20.4 billion from exchange-traded funds (ETF) holdings in precious metals, w
However, investors still believe that this move will cause too much US dollars to flow into the market, thereby suppressing the US dollar exchange rate and increasing the value of precious metals such as gold. The US dollar index, which measures the price