The XAUUSD goldprice has fallen by about 5% over the past month, bringing its 2022 year-to-date performance to -3.84%.
, rose again by 0.55% to 107.12, from an opening at 106.54. And from the start of 2022 to date, the index is approaching a gain of 12%. A strong dollar is bad for dollar-priced commodities because it increases the cost of buying them for foreign investors. The prospect of higher US interest rates weighed on the bond market, although yields took a midweek break.
In other metals markets, copper futures rose to $3.4245 a pound. Platinum futures jumped to $853.50 an ounce. Palladium futures rose to $1,935.00 an ounce.
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