The Traderszone Network

Published in TZ Latest News 8 June, 2015 by The TZ Newswire Staff

Gold Rebounds After Softness In U.S. Dollar

Gold futures rebounded from an 11-week low as the dollar’s decline boosted the appeal of the precious metal as an alternative investment. The greenback fell as much as 0.9% against a basket of 10 counterparts after a French official said President Obama told delegates at a summit of the Group of Seven that the strong dollar posed a problem. Obama said he didn’t express concerns that the currency’s strength was an issue.

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