Gold Up, Benefitting From Dollar’s Decline to Multiyear Lows…LIVE NEWS UPDATE BY ROYAL TRADERS


Gold was up on Tuesday morning in Asia building on its gains as the dollar weakened to its lowest levels in years.

Gold futures were up 0.86% at $1,995.70 by 12: 35 AM ET (5:35 GMT).

The dollar slumped to its lowest level since May 2018, in the aftermath of U.S. Federal Reserve Vice Chairman Richard Clarida expanding on the Fed’s policy shift on inflation announced last week by Fed Chair Jerome Powell. The wider scope for the Fed to keep benchmark rates lower for longer saw investors retreating from the greenback.

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