Gold Hits $2,013 and Sets a 6-Month High as the US Dollar Retreats
Gold rose to a 6-month high on Monday after recent upbeat economic data weakened the US dollar.
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XLM$0.1911-3.05%
BTC$62,686.00-1.67%
ETH$1,666.62-3.16%
USDT$0.9987-0.01%
USDC$0.9996-0.01%
XRP$1.10-1.88%
SOL$69.40-3.23%
TRX$0.329-1.01%
FIGR_HELOC$1.03-0.16%
HYPE$61.30-7.24%
DOGE$0.0789-3.56%
USDS$0.9997+0.00%
RAIN$0.0157-2.06%
LEO$9.49-0.84%
ZEC$413.84-6.89%
XLM$0.1911-3.05%
Oil prices fell more than 2% on Wednesday amid headwinds caused by a stronger dollar, oversupply concerns, and China's soft GDP data.
Gold rose to a 6-month high on Monday after recent upbeat economic data weakened the US dollar.
The US dollar index fell and stocks rose higher on Tuesday following a positive inflation report for October.
The US dollar index soared to a 6-month high on Thursday after fresh economic data in the US and Europe.
The US dollar dropped to a near 15-month low on Tuesday.
US job growth eased to 209,000 in June, while unemployment rate fell from 3.7% to 3.6%.
Sovereign debt bubbles are being tested across the world.
Although historically ominous, this year's September is poised to be even worse for Bitcoin.
How does fiat currency such as USD influence the price moves of assets like BTC?