How Gold Is Pressured by Interest Rates and the US Dollar

How Gold Is Pressured by Interest Rates and the US DollarSurging dollar All four precious metals moved southward on Tuesday, February 27, primarily due to the rising strength of the US dollar. The US dollar, which is depicted by the DXY index, had increased 0.56% on the same day. The DXY index traded at 90.4, gaining ~1.5% over the past one-month period and reaching a two-week peak level. The rise in the US dollar was mostly led by statements by Jerome Powell, chair of the Federal Reserve. ...