Following progressive signs of ease in trade tensions combined with a strengthening dollar, gold price dropped significantly by 2%. The US Dollar index has risen, causing inverse implications for the commodity priced in dollars. As investorâs appetite for riskier assets increased because of the easing trade tensions, the traditional safe-haven, gold dipped. If trade tensions continue to ease off and the US economy remains robust, the bullion’s price could see further pressure. However, should geopolitical uncertainties arise again, gold may regain its shine. The market dynamics of gold are intricately interwoven with multiple factors and hence, itâs future is rather uncertain. Read More
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