Gold extends gains amid the falling of the U.S Dollar

Gold extends gains amid the falling of the U.S Dollar

Mar 26.2015

Gold prices continued to rise for the sixth consecutive day after hitting the highest level in three weeks, and now are trading above $1211 per ounce. In fact, the Gold was supported by the decline of the U.S Dollar against a basket of major currencies, after the release of disappointing economic data which increased expectations that the Fed would keep interest rates low for the current time. Increasing the demand for the yellow metal as a safe haven metal.

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