Gold Rises Today Ahead of Hormuz Deal, Softer Dollar
SPDR Gold Shares are rising Wednesday as Strait of Hormuz progress eases inflation and rate-hike fears, with a softer dollar adding support.
Gold prices went up today because good news about a shipping route made people less worried about rising prices, and the dollar got weaker (which makes gold cheaper for other countries to buy). When people feel calmer about the economy, they sometimes buy gold as a safe backup plan.
Last session drawn · prints held ~15 minutes · licensed exchange data
Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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