Gold bounces modestly Monday, with the yellow metal attempting to find its footing after a fifth straight weekly decline.
Gold futures bounced modestly Monday, with the yellow metal attempting to find its footing after a fifth straight weekly decline as a fierce dollar rally relented.
Price action Market drivers Gold has suffered as the U.S. dollar has gone on a rampage in 2022, with the ICE U.S. Dollar Index DXY , a measure of the currency against a basket of six major rivals, hitting a 20-year high last week as the euro dipped below parity and the Japanese yen slumped to its weakest since 1998. A strong dollar can be a headwind for commodities priced in the currency, making them more expensive to users of other currencies.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
A new gold rush pits money and jobs against California’s environmentCompanies are seeking to open old mines and explore in new sensitive regions, amid resistance from Californians who want the Gold Rush to remain part of history.
Read more »
Sprint king Kerley grabs 100m gold in US clean sweepAmerican Fred Kerley leads a US cleansweep as he storms to victory in the men's 100m at the World Championships in Oregon
Read more »
Wall Street set for new ETF gold rush as single-stock era beginsThe booming world of exchange-traded funds is about to get even more crowded after the very first single-equity ETFs launched Thursday.
Read more »
Chase Ealey claims gold to become first American woman to win shot put world titleChase Ealey made history on Saturday night as she became the first American woman to win the shot put world title at the World Athletics Championships.
Read more »
Jim Thorpe reinstated as sole winner of 1912 Olympic gold medalsJim Thorpe has been reinstated as the sole winner of the 1912 Olympic pentathlon and decathlon in Stockholm — nearly 110 years after being stripped of those gold medals for violations of strict amateurism rules of the time.
Read more »
In a Thrilling 10,000 Meters, Letesenbet Gidey Kicks to Win Her First World GoldShe already holds three world records, in the 10,000 meters, 5,000 meters, and half marathon. Now, Letesenbet Gidey Ethiopia, has claimed her first global medal—and it’s gold. WCHOregon22
Read more »