PRESS ROOM
Gold loses more shine as dollar keeps its positive momentum
Tuesday 06th September '22
The US dollar has reached its highest level in two decades with the dollar basket just under 110 as of 05 September. Among the commodities most impacted by this dollar strength are precious metals. Gold, silver, and platinum have all pulled back sharply in recent weeks. At the same time, the euro has hit its lowest level in two decades against the dollar as Europe faces the prospect of recession amid a deepening energy crisis.