Gold inches up as dollar tumbles to lowest since Oct

June 29, 2017

Responsive image

Gold edged higher on Thursday as the US dollar weakened against other currencies on bets that central banks in Europe were preparing to scale back monetary stimulus, but the bullion’s gains were capped by a surge in equities. The dollar index, which tracks the greenback against a basket of six major rival currencies, fell to its weakest since early October on Thursday at a low of 95.685.

Category: General