The dollar index traded in a narrow range on Thursday as traders still looked toward an upcoming inflation report closely watched by Federal Reserve. The index was down 0.075%.
Safe-haven gold was little changed on Thursday, weighed down by the upbeat U.S. data that showed a recovery was on track, while rising Treasury yields further added pressure.
Data showed recovery of the economy thus stocks are preferred to gold. Treasury yields rising so investors preferred to buy bonds .
Yet gold price stays around 1900 . This is a strong indication that Institutional investors hold their gold because they predict a weaker USD.
The dollar index traded in a narrow range on Thursday as traders...
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Last
12.0¢ |
Change
-0.005(4.00%) |
Mkt cap ! $12.30M | |||
| Open | High | Low | Value | Volume |
| 13.0¢ | 13.0¢ | 12.0¢ | $16.67K | 129.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10080 | 12.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 90902 | 3 |
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| Last trade - 15.51pm 30/08/2024 (20 minute delay) ? |
| MTH (ASX) Chart |