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Gold rallies to 3-month high on weaker dollar, bullish technicals
Gold prices soared to a three-month high on Friday, marking its third consecutive weekly increase. This rally was driven by a softer U.S. dollar influenced by Treasury buyback strategies. Analysts identify the surge as a bullish signal after a notable break above significant moving averages. Investors are increasingly attracted to gold and related exchange-traded funds, while other precious metals such as silver and platinum also saw substantial gains.
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forbes.com
Gold Price Hits Two-Month High—Here’s Why
The price of gold rose above $4,550 on Wednesday, reaching its highest level since early June.
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koreatimes.co.kr
Gold surges over 3% as US Treasury announcement hurts yields, dollar - The Korea Times
Gold surged over 3 percent to its highest in over two-and-a-half months on Wednesday after a surprise liquidity support announcement by the U.S. Tr...
