Gold prices fell on Friday, weighed by a stronger dollar, as investors kept a close watch on the final U.S. presidential election debate and sought further clarity on a corona virus aid package. U.S. House Speaker Nancy Pelosi on Thursday said negotiators were making progress in talks with the White House over a new corona [...]
Gold's one-month risk reversals, a gauge of calls to puts, is again falling, indicating a resumed demand for put options or bearish bets on the yellow metal. On the other hand, Hopes for a new corona virus relief package were dented as U.S. House Speaker Nancy Pelosi rejected a $1.8 trillion proposal from the White [...]
Gold (XAU/USD) extends its bullish move into a third straight day on Friday, finally breaking through the $1900 mark while adding 1% a day. The main catalyst behind gold’s rally remains the persistent downward pressure on the safe-haven US dollar. The dollar index.DXY, which was down 0.2% against its rivals, was headed for a second [...]
US is facing several challenges like delay in the much-awaited US corona virus (COVID-19) aid package, the surge in the pandemic, and delay in American Presidential Election and devastating GDP figures which makes dollar to struggle. As of July 30, more than 4.5 million cases have been confirmed in the U.S., There have been more [...]
