{"id":102865,"date":"2020-08-05T12:28:25","date_gmt":"2020-08-05T16:28:25","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=102865"},"modified":"2020-08-05T15:18:09","modified_gmt":"2020-08-05T19:18:09","slug":"103779-us-dollar-weakness-helps-gold-bulls-to-fresh-highs","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/103779-us-dollar-weakness-helps-gold-bulls-to-fresh-highs\/","title":{"rendered":"US Dollar Weakness Helps Gold Bulls to Fresh Highs"},"content":{"rendered":"<ul>\n<li><span style=\"font-weight: 400\">Investors buying every dip in the price<\/span><\/li>\n<li><span style=\"font-weight: 400\">US dollar weakness is seen as the primary catalyst<\/span><\/li>\n<li><span style=\"font-weight: 400\">Geopolitical concerns and falling US yields help<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">Investors are pouring money in gold in every dip and helped it to record fresh all-time highs against the US dollar. The XAU\/USD, gold-dollar pair, is trading near 2040 dollars.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Buyers are now considering 2050 as the immediate target and bought into the pair around the support region of 2010 dollars; after it retraced from the previous high of 2031.20 dollars.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The yellow metal&#8217;s fundamental appeal stems from the crumbling US Treasury yields &#8211; facing worries of unprecedented debt expansion, and doubts about the US economic recovery after the coronavirus pandemic triggered severe GDP contraction.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The US dollar index was seen trading today down 0.27% on a daily basis, near 93.06 &#8211; a fresh monthly low.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Expectations that the US Congress can dish out a fiscal stimulus plan is helping the bulls in the precious metal gold. The metal will now await the US ADP jobs data today for clues on the official Non-Farm Payrolls due on Friday. A dip in jobs growth can escalate US economic concerns, helping gold to post new highs at the expense of the dollar.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Investors buying every dip in the price US dollar weakness is seen as the primary catalyst Geopolitical concerns and falling US yields help Investors are pouring money in gold in every dip and helped it to record fresh all-time highs against the US dollar. The XAU\/USD, gold-dollar pair, is trading near 2040 dollars. Buyers are [&hellip;]<\/p>\n","protected":false},"author":163946612,"featured_media":5322,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1381],"tags":[],"class_list":{"0":"post-102865","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-usd"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>US Dollar Weakness Helps Gold Bulls to Fresh Highs - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/103779-us-dollar-weakness-helps-gold-bulls-to-fresh-highs\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Stelian Olar\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103779-us-dollar-weakness-helps-gold-bulls-to-fresh-highs\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103779-us-dollar-weakness-helps-gold-bulls-to-fresh-highs\\\/\"},\"author\":{\"name\":\"Stelian Olar\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/c83637dd6dc82bcaadbc8b6c994d1186\"},\"headline\":\"US Dollar Weakness Helps Gold Bulls to Fresh Highs\",\"datePublished\":\"2020-08-05T16:28:25+00:00\",\"dateModified\":\"2020-08-05T19:18:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103779-us-dollar-weakness-helps-gold-bulls-to-fresh-highs\\\/\"},\"wordCount\":207,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103779-us-dollar-weakness-helps-gold-bulls-to-fresh-highs\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100879-gbp-usd-dollar-declines-pound.jpg\",\"articleSection\":[\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103779-us-dollar-weakness-helps-gold-bulls-to-fresh-highs\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103779-us-dollar-weakness-helps-gold-bulls-to-fresh-highs\\\/\",\"name\":\"US Dollar Weakness Helps Gold Bulls to Fresh Highs - 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