TeleTrade Opinie

Yellow metal is in value again

The price for gold has risen again. The cost of the valuable metal has reached the maximum mark in recent times. This is due to the depreciation of the US currency. The index of the US currency, which shows its attitude to other currencies, has descended to 0.31%. This is the minimum point since the end of June 2016. The dollar index fell by 1.31%. Decrease has been occurring  for the second week now.

The low US dollar rate leads to an increased investor interest in the shelter assets. The US currency is affected by the growth of the Euro. In addition, the situation in Washington makes itself felt. The dollar began to lose its position after the collapse of the health bill. Trust in Donald Trump’s policy has diminished.

For example, it concerns financial incentives or other reforms. It is worth recalling that after the election of the President of the United States of America, the dollar began to grow in value and reached its maximum value, in the hope of tax reform. The latest news indicates a detailed review of the relations between the president of America and Russia. Investors are waiting for the results of the report on the GDP of the United States of America this year. It will allow to assess the state of the economy in the country.