Reported 2 days ago
The dollar index fell by 0.95% on Friday, retreating from a two-month high, following disappointing US labor market data and a contraction in manufacturing, which increased expectations for a potential Federal Reserve rate cut in September. Concurrently, gold prices surged as investors sought safe-haven assets, resulting in a strong performance for precious metals amidst ongoing economic instability and geopolitical risks.
Source: YAHOO