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31 Aug 2021
Gold Remained Bullish Over A Weaker Dollar
The Index Today
Gold remained up on Tuesday morning in Asia, with a weakening USD. Investors are keeping an eye on the US economic data in the week to check for clues on when US Federal Reserve will start asset tapering.
Gold were up 0.33% to $1,818.15 by 12:05 AM ET (4:05 AM GMT). The dollar which moves inversely to gold inched down and continues to decrease for two weeks now on Tuesday.
U.S. and China are still feeling the impact of recent strict lockdowns to curb the latest COVID-19 outbreak in the country as well as high material prices.
In other precious metals, silver inched down 0.1% and platinum eased 0.3% to $1,003.89. Palladium fell 0.7% after jumping 3.1% during the previous session.
