Dollar Surges on Strong Labor Market, Gold Falls
Update: 2025-12-31
Description
The dollar index surged to a one-week high, driven by a unexpected drop in US unemployment claims and hawkish pressure on Fed policy. Treasury yields are rising, and stock weakness is boosting demand for the dollar. However, the dollar faces headwinds from the Feds liquidity boost and potential appointment of a dovish Fed chair. The euro and yen are weakening against the dollar, while gold and silver are falling due to higher trading margins and selling, despite bullish supports from central bank buying and record ETF holdings. Checkout Solipillow.com
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