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A weaker dollar makes dollar-priced gold cheaper for non-U.S. investors

“Also expectations about the dollar are up for revision, the strong dollar story is fading.
We see the yen continuing to strengthen, and a strong yen and strong gold have gone hand-in-hand since November,” Saxo Bank’s head of commodity strategy Ole Hansen said.
London — Gold was steady on Tuesday after hitting a five-month peak the previous session, bolstered by a softer dollar, North Korea tensions and nervousness ahead of the French presidential election.
A weaker dollar makes dollar-priced gold cheaper for non-US investors.
Spot gold dipped 0.1% to $1,284.25 per ounce by 2.19pm GMT, after climbing to $1,295.42 in the prior session, its highest since November 9.

Gold steady as dollar dips, geo-political tensions simmer

Gold steady as dollar

as declared in “Also expectations about the dollar are up for revision, the strong dollar story is fading.
We see the yen continuing to strengthen, and a strong yen and strong gold have gone hand-in-hand since November,” Saxo Bank’s head of commodity strategy Ole Hansen said.
By Maytaal Angel LONDON (Reuters) – Gold was steady on Tuesday after hitting a five-month peak the previous session, bolstered by a softer dollar, North Korea tensions and nervousness ahead of the French presidential election.
A weaker dollar makes dollar-priced gold cheaper for non-U.S. investors.
“Short-term risk is skewed to the downside but underlying support is there with the focus on political uncertainties.

Gold shakes off weakness to eke out a gain as dollar falls

Gold shakes

as declared in Gold and the dollar often move inversely as a stronger dollar dulls the appeal of dollar-pegged assets for investors using other currencies.
It wouldn’t as easy for Theresa May as she is anticipating.” The uncertainty may boost haven investment interest in gold.
The ICE U.S. Dollar Index DXY, +0.06% fell 0.7% to 99.59, trading near the day’s low of 99.48.
Gold prices shook off earlier weakness Tuesday to finish higher—stretching a streak of gains to a fifth session on the back of political uncertainty in France and the U.K., declines in U.S. equities and other risk assets, and weakness in the dollar.
Treasury yields TMUBMUSD10Y, +0.37% meanwhile, traded around their lowest since November, helping to spark some demand for gold, which doesn’t bear a yield.

collected by :Irax John

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