Dollar Gains Momentum, While Gold Slips

Dollar-Gains-Momentum-While-Gold-Slips

On Thursday, the US dollar displayed its efficacy and climbed a few steps while pulling down gold by a string after the yellow metal touched a two-week high.

The Asian market saw the dollar pushing down the precious metal US unemployment figures were found better than the anticipated norms. The Gold Futures slipped below to $1,946.30, that is 1.23 per cent 5:49 AM GMT.

Reportedly, an announcement by the US Federal reserved was made regarding keeping the interest rates close to zero until the rise of inflation by two per cent. The chairman of the coveted institution Jerome Powell said that the emergence of the economy was uncertain.

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