July 20, 2023: Gold Surges to Highest Levels in Nine Weeks.

Gold is at its highest level in 9 weeks as the dollar weakens. Gold prices rose on Thursday, July 20, to the highest level in nine weeks, supported by the dollar’s weakness and bets that the US Federal Reserve may soon pause its rate hike cycle. In spot trading, gold rose by 0.08% to $1978.10

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July 12, 2023: Currencies, Stocks, and Oil Market Wrap

The dollar fell ahead of US inflation data. The dollar fell, hitting a two-month low on Wednesday, July 12, against other major currencies ahead of the release of US inflation data, while the British pound rose to a 15-month high on expectations that the Bank of England will continue to raise interest rates. USD/JPY: The yen

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