November 16th, 2021 - 12:49 GMT
Gold prices have declined in 2021, driven lower by higher U.S. yields and a stronger dollar. The 5% decline year to date in the yellow metal has been matched by a 5% increase in the dollar index during the same period. Since gold is quoted globally in U.S. dollars, a stronger greenback generally leads to lower gold prices. You can learn more about the gold movements and the nuances of gold trading by spending time tracking its movements. Looking forward, the future direction of gold prices likely depends on your ...