Gold rose amid the rapid cooling of the dollar.

31 May 2023

Gold prices have risen as the value of the dollar drops. The DXY Index, which measures the dollar's volatility against six major currencies, has fallen below the 104-point threshold from its previous position above 104.52 points.

According to the World Gold Council (WGC), 24% of central banks worldwide plan to increase their gold reserves by 2023. The reasons cited include high inflation, geopolitical instability, and concerns about high interest rates.

31 May 2023

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