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HomeRight Arrow Media CoverageRight Arrow In the NewsRight Arrow Gold price rebounds: What role are rates and the US dollar playing in this?

Gold price rebounds: What role are rates and the US dollar playing in this?

Gold price rebounds: What role are rates and the US dollar playing in this?

Featured: Daniel Moss, Market Analyst, Vantage Markets

The safe haven asset surged to USD2,052.60 an ounce in March, but has suffered seven months of consecutive losses since.

Gold prices have been known for their stability during periods of volatility, but the precious metal has been under the pump amid the market turmoil so far this year.

Gold spiked to USD2,052.60 an ounce in March 2022 – close to its all-time peak – following Russia’s invasion of Ukraine, but then suffered 7 months of consecutive losses that included a bottom near USD1,620 an ounce.

The prized metal has finally gained momentum in recent weeks, surging as much as 10% in November to trade at USD1,752.83.

Read the full article here.