💸 Currency Intervention Hits US Dollar, Precious Metals Lead Markets
The US dollar weakened amid currency intervention pressures, dropping to around 96.7, its lowest in 8 months. This decline helped precious metals outperform, with gold and silver surging as investors sought safe-haven assets amid macroeconomic risks.
📈 Key Highlights
US Dollar Index: Fell to ~96.7, lowest level in 8 months.
Gold: Surged above $5,000/oz, up ~12% in a month due to weaker dollar and safe-haven demand.
Silver: Jumped above $113/oz with strong monthly gains.
Energy Prices: Showed mixed movements amid dollar weakness.
Macro Risks: Potential US government shutdown and broader currency intervention support demand for precious metals.
🔍 Expert Insight
Weakness in the US dollar is driving investors toward precious metals, highlighting their role as a safe-haven amid market uncertainty and global macro risks.
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