Commodity News
HeadLine : Gold Prices Recover From 6-Month Low As Dollar Retreats
Date : Jun 22 2018
Dollar-denominated assets such as gold are sensitive to moves in the dollar – A fall in the dollar makes gold less expensive for holders of foreign currency and thus, increases demand for the precious metal.

Meanwhile, the European slapped penalties on multiple American products that worth around $3.2 billion on Friday, including bourbon, motorcycles and orange juice as retaliatory measures against Trump administration’s tariffs.??

The news were cited as supportive for the safe-haven gold, as it added another front to a trade war that triggered a sell-off in global equities since the beginning of the week.??

Source Investing
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