Gold Hits Three-week Highs As Dollar Broadly Lower Versus Rivals
Mar, 21st 15:42
Gold surged to a nearly three-week high on Tuesday as the greenback dropped to a six-week low against a basket of currencies.
The dollar extended its downward rally from last week following U.S. Federal Reserve’s comments that disappointed dollar wagers. The dollar index, which measures the greenback against a basket of six major currencies, lost nearly 0.6 percent at 99.77. On the back of a weak dollar, gold soared to the highest level since March 02nd to trade above $1242.00 an ounce.
Helping depress the dollar, euro strengthened as prospects of presidential candidate Emmanuel Macron to win the Elysee race mounted after his performance in France’s presidential debate. Meanwhile, British Pound surged to three-week highs on Tuesday after data showed U.K. consumer prices rose at the fastest pace in nearly three and a half years in February.
Buy Digital Call Option from 1242.00 to 1249.00 valid until 21:00 GMT March 21, 2017
The website/brand www.optionbanque.com is jointly operated by Capital Street BancClear Corporation Limited(SVG) and Capital Street Intermarkets Limited(MU). The services provided by Option Banque are provided by the two companies jointly, and all securities trading services offered by Option Banque are offered via the full services securities dealer licence Number C112010690 issued by the FSC Mauritius.