Gold Price Boosted By Sharply Lower US Dollar Index

August 16, 2016

New York (Aug 16)  World stock markets were mostly weaker overnight and the U.S. stock indexes are pointed toward slightly lower openings when the New York day session begins. Some profit- taking from recent gains is seen today. The key "outside markets" on Tuesday morning see the U.S. dollar index trading solidly lower and hitting a seven-week low, partly due to a San Francisco Fed study that said the Fed's U.S. inflation target could be raised.

 

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