Advertisement
Canada markets close in 6 minutes

  • S&P/TSX

    21,975.55
    +90.17 (+0.41%)
     

  • S&P 500

    5,103.21
    +54.79 (+1.09%)
     

  • DOW

    38,254.90
    +169.10 (+0.44%)
     

  • CAD/USD

    0.7318
    -0.0005 (-0.07%)
     

  • CRUDE OIL

    83.64
    +0.07 (+0.08%)
     

  • Bitcoin CAD

    87,288.25
    -1,055.65 (-1.19%)
     

  • CMC Crypto 200

    1,330.20
    -66.33 (-4.75%)
     

  • GOLD FUTURES

    2,350.00
    +7.50 (+0.32%)
     

  • RUSSELL 2000

    2,001.60
    +20.48 (+1.03%)
     

  • 10-Yr Bond

    4.6690
    -0.0370 (-0.79%)
     

  • NASDAQ

    15,935.41
    +323.65 (+2.07%)
     

  • VOLATILITY

    14.96
    -0.41 (-2.67%)
     

  • FTSE

    8,139.83
    +60.97 (+0.75%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • CAD/EUR

    0.6838
    +0.0017 (+0.25%)
     
MARKETS LIVE BLOG:

STOCKS RISE, LED BY STELLAR ALPHABET, MICROSOFT EARNINGS

Latest stubborn U.S. inflation reading will bring about more 'wait and see' from the Fed

The US Dollar’s Effect on Gold Prices

Meera Shawn
Updated
The US Dollar’s Effect on Gold Prices

As the Fed’s June 12–13 meeting minutes were released yesterday, the US dollar softened, giving buoyancy to precious metals, which are dollar-denominated assets. With a cheaper US dollar, the assets are more affordable for foreign buyers and their demand surges.

Continue reading