News list for "Gold acceleration"
On May 16, spot gold accelerated its decline, expanding its short-term decline to nearly $30, falling back to below $3,170/ounce, down 2.18% on the day.
Spot gold accelerated its decline, expanding its short-term decline to nearly $30 before falling back to below $3,170 per ounce, down 2.18% on the day.
The supply chain disruption caused to a large extent by Trump's tariff policy has posed a challenge to retailers, which are the main driving force of the US economy. Expectations of a US recession have intensified and dented market confidence in dollar assets. Affected by this, the dollar has plummeted to its lowest level since October last year, and capital flows to safe-haven assets such as the Swiss franc, the Japanese yen and gold have accelerated. Gold has received multiple boosts from risk...
