Gold steadies near 9-month lows, silver slides to weakest since summer 2020

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Gold rises as European inflation data undermines dollar

Gold traded modestly higher on Tuesday after recording its weakest settlement level in nine months as it continues to feel the pressure from a stronger U.S. dollar.

What are prices doing ?

What’s driving the market ?

Since gold hit its 2022 peak north of $2,000 per ounce back in March, it has been largely driven by the strong dollar which is at a 20 year high based on the index DXY measuring its strength against major currencies, while higher Treasury yields, which have stolen some of the precious metals’…

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