Reported 15 days ago
The US dollar index has fallen by 0.17% following dovish comments from Boston Fed President Susan Collins, suggesting further interest rate cuts may occur amid a federal government shutdown. Concurrently, gold prices have surged to a new contract high, reaching all-time levels of $4,210.60 per troy ounce, driven by safe-haven demand due to escalating US-China trade tensions and political uncertainties. The markets are now pricing in a high probability of a rate cut at the upcoming FOMC meeting, which has further supported gold and silver prices.
Source: YAHOO