Gold Market Commentary: When The Dollar Turns On Itself

2026-03-06 10:00:00 ET

Dip buyers emerge

Gold gained another 5% in February to reach US$5,222/oz; it is now up 20% y-t-d. Performance in other currencies, however, was mixed: a sharp Indian rupee appreciation following tariff relief with the US, saw local prices drop 3.5%; likewise, a surge in the renminbi saw local prices fall....

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