Gold Fades as U.S. Economy, Fed Strengthens
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
Audio is streamed directly from the publisher (api.fastcast.ai) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Gold prices dipped in March, with U.S. gold futures edging up just a tenth of a percent to $2,169 per ounce. The decline was attributed to strong American economic numbers, tough talk from the Fed, and a slight dip in the dollar. Chinas net gold imports through Hong Kong rose in February, but overall demand was weak, with the SPDR Gold Trust ETF seeing holdings drop. Silver, platinum, and palladium also faced monthly declines. Despite the drop, golds safe-haven shine is not entirely lost, as global tensions and physical buying from big players like China could still influence its price.
Support the show:
Get a discount at https://solipillow.com/discount/dnn.
Advertise on DNN:
[email protected]
This is an automated, high-level news summary based on public reporting.
Report issues to [email protected].
View sources & latest updates:
https://sources.thednn.ai/721ab4300ac69133