Gold market update for Monday May 13th. On this first trading day of the week, gold priced in dollars took a hit on a stronger greenback and surprising good retail sales numbers. A stronger dollar weighs on all commodities, with oil sliding along with gold. The dollar has been pretty strong since February, with the Dollar index (.DXY) rising 5% against a basket of currencies. The dollar was further strengthened against the Yen on news the G7 nations are not concerned with Japanese bond and asset purchases. Read more…
Home ยป Stronger U.S. dollar hits oil, gold; stocks pause
Stronger U.S. dollar hits oil, gold; stocks pause
May 13, 2013 by MetalsWired Editor
Filed Under: Gold, Precious Metals Investing