The gold ignores what other commodities are doing and is growing despite the strong US dollar rally today. While other
S&P500 declined by 1.3 percent and NASDAQ index decreased by 1.7 percent today as the stock markets reacted to stronger dollar and global uncertainty. The fear of excess risk moved on to the commodities, where silver, copper, palladium, and agricultural futures fell today. Nevertheless, crude oil, and platinum managed to gain along with the gold.
Spot gold renewed its 9-month low today, reaching $1,206.75 per troy ounce during the early trading session. Overall, it rose from $1,212.42 to $1,220.17 as of 16:19 GMT today.
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