linesis money system

Here's why gold price is above $1,900 despite two looming rate hikes After testing $1,900 an ounce, gold has come out on top, saving itself from a more significant selloff if prices dropped below this psychologically important level. Gold is wrapping up the second quarter down more than $80, the worst performance since the third quarter of last year. At the time of writing, August Comex gold futures were trading at $1,925.80 an ounce, up 0.41% on the day. But…

Extreme dollar strength limits the price gains in gold today A substantial move in the dollar nullified market participants from bidding the precious yellow metal substantially higher in trading today. As of 6:30 PM EDT gold futures basis, the most active August 2022 contract is fixed at $1849.70. The gains in gold today were largely muted by extreme dollar strength. The dollar gained 0.80%, or 81 points taking the dollar index to 102.58. The significance of dollar strength can be…