He succeeded in extending the gains that started in the last sessions to reach new steps towards the levels of $1900 an ounce following a series of losses.
It coincides with giving up his euphoria and skyrocketing heights that have propelled him to more than 20-year highs, above 105-point levels.
The dollar index fell during these trading moments, today, Tuesday, below 102 levels, to reach its lowest level since last April 26.
The main dollar index fell once morest a basket of major currencies to the levels of 101.77 points, down by 0.3% during Tuesday’s trading.
The decline in the main dollar index coincided with the decline in the 10-year yield to levels of 2.827%, retreating from its highest level earlier in 3 years near 3%.
On the other hand, the decline in the dollar index led to an increase in the luster of gold, which rose to its highest levels in two weeks, specifically since the May 9 session, to move away from a new step away from levels of $1800 an ounce.
And gold as a safe haven rose today, Tuesday, in the range of $ 8, or the equivalent of an increase of 0.5%, to reach levels close to $ 1856 an ounce.
At the close of trading yesterday, the price of an ounce of gold rose by 0.3%, or $5.70, to reach $1,847.80 upon settlement, to rise for the third consecutive day.
Source: Investing.com
