PRESS ROOM
Gold recovers as dollar weakens
Friday 05th August '22
Strength in the US dollar has seemingly held gold back despite the boost the yellow metal should be getting from persistently rising levels of inflation. The US dollar, however, retreated in the second half of July easing some of the headwinds facing gold. Gold’s recovery, as expected, is pulling up other precious metals as well with the most notable impact being on silver and platinum.