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Gold futures finished higher after posting a sharp drop yesterday, with the U.S. dollar turning weaker after trading higher for most of the day.
UBS says the dollar is now “unattractive,” with further declines expected as the U.S. economy slows.
The week of June 9, 2025: The retreat from the dollar, tariffs, the debt, defense tech, and much, much more.
U.S. dollar weakens, boosting the appeal of gold stocks and driving up prices of producers like Agnico Eagle, Newmont, and Wheaton.
Gold is on a great run in 2025, and so are silver and platinum, which a precious metals expert says should get a close look from investors.
There's currently a divergence in precious metals' performance. Gold and silver are responding to macro-driven support; platinum’s failure to hold key levels suggests soft underlying demand.
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Florida's new law will allow financial businesses, like check, cashers or PayPal to recognize gold and silver coins as legal payment. "That means these precious metals can start functioning like ...
Weakness on the U.S. dollar index continued to support gold, with the front-month contract gaining 1.6% to $3,280.30 a troy ounce.
The relationship between gold and the U.S. dollar has historically been inverse - when the dollar strengthens, gold typically weakens, and vice versa. Click to read.
Trump's Treasury Department could do "a very smart thing" to ensure the strength and stability of America's anchor currencies, according to economist Judy Shelton.
Waratah Capital Advisors Ltd. is betting on gold to lift its returns this year as investors pile into the asset to shelter their wealth during the global trade war.