{"id":11110,"date":"2022-05-30T03:46:42","date_gmt":"2022-05-30T03:46:42","guid":{"rendered":"https:\/\/www.xtreamforex.com\/?p=11110"},"modified":"2022-05-30T03:46:42","modified_gmt":"2022-05-30T03:46:42","slug":"dollar-falls-gold-prices-rise-in-range-bound-trade","status":"publish","type":"post","link":"https:\/\/www.xtrememarkets.com\/MU\/dollar-falls-gold-prices-rise-in-range-bound-trade\/","title":{"rendered":"Dollar falls, Gold prices rise in range-bound trade"},"content":{"rendered":"<h1><strong>Dollar falls, Gold prices rise in range-bound trade<\/strong><\/h1>\n<p>Gold prices rose in turbulent trading on Monday, bolstered by a weaker dollar, which boosted greenback-priced metal, though gains were limited as some investors shifted to riskier Asian assets. As of 0152 GMT, spot gold was up 0.2 percent at $1,856.86 per ounce. Gold futures in the United States rose 0.1 percent to $1,859.40.<\/p>\n<p>&#8220;We may find that gold will remain nailed to its tight range around $1,850 unless a new catalyst arrives,&#8221; City Index senior market analyst Matt Simpson said. &#8220;With the 3-day holiday in the US, which means lower liquidity than usual, and a lack of top-tier data until Wednesday, we may find that gold will remain nailed to its tight range around $1,850 unless a new catalyst arrives.&#8221;<\/p>\n<p>For the Memorial Day holiday in the United States, federal government offices, stock and bond markets, and the Federal Reserve will be closed on Monday. Despite a mainly positive performance since hitting a more than three-month low of $1,786.60 per ounce on May 16, gold prices are on track for their first monthly drop since March 2021, down roughly 2.4 percent so far.<\/p>\n<p>&#8220;Gold&#8217;s underperformance has been attributed in part to investors rushing to cash as equities markets dropped, as well as Chinese lockdowns. June is traditionally a bad month for gold, but that trend looks to have been shifted forward by one month &#8220;Simpson said. Investors bet on a pause in US monetary tightening, despite big hikes in June and July, as Asian equities followed Wall Street higher and the dollar remained at five-week lows.<\/p>\n<p>For buyers holding other currencies, a weakened dollar makes bullion more appealing. The potential cost of storing non-yielding bullion rises when short-term interest rates in the United States rise. Spot silver increased by 0.1 percent to $22.13 per ounce, <a href=\"https:\/\/www.xtrememarkets.com\/mu\/commodities-category\/\"><strong>platinum<\/strong><\/a> increased by 0.1 percent to $954.51, and palladium increased by 0.8 percent to $2,079.39 per ounce.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dollar falls, Gold prices rise in range-bound trade Gold prices rose in turbulent trading on Monday, bolstered by a weaker dollar, which boosted greenback-priced metal, though gains were limited as some investors shifted to riskier Asian assets. As of 0152 GMT, spot gold was up 0.2 percent at $1,856.86 per ounce. Gold futures in the<\/p>\n... <a href=\"https:\/\/www.xtrememarkets.com\/MU\/dollar-falls-gold-prices-rise-in-range-bound-trade\/\">continue reading<\/a>.","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[18],"tags":[38,272,297,187,24,58,35,55,52,66,201],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v16.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\r\n<title>Dollar falls, Gold prices rise in range-bound trade | Xtream markets<\/title>\r\n<meta name=\"description\" content=\"Gold prices increased in volatile trading on Monday, aided by a weaker dollar, which boosted the greenback-priced commodity\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.xtrememarkets.com\/MU\/dollar-falls-gold-prices-rise-in-range-bound-trade\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" 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