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Gold gains traction as dollar retreats

Por: CNBC Business March 01, 2023

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Gold rose on Wednesday as strong Chinese economic data dented the dollar and drove some bets for better physical demand from the top bullion consumer, but the risk of elevated U.S. interest rates capped gains.Spot gold rose 0.48% to $1,835.85 per ounce, after hitting a two-month low in the previous session. U.S. gold futures rose 0.33% to $1,842.70After rising nearly 3% in February, the dollar index inched 0.5% lower, making bullion cheaper for... + full article



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