The dollar struggled near a 13-month low against a basket of major currencies as US political woes dampened hopes for quick passage of Trump’s stimulus and tax reform agendas.
A weaker greenback makes dollar-denominated gold less expensive for holders of other currencies, while the metal is also used as an alternative investment during times of political and financial uncertainty.
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Posted by Arnaldo Rodgers on 10:08 am, With 0 Reads, Filed under Economy. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry