Price watch
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4 min read
Gold holds near record as the dollar softens
A weaker dollar and steady ETF inflows kept gold close to its all-time high this week. Here is what moved the price.
Hana Prasetyo, Head of Research
Gold finished the week within one percent of its record. The main driver was a softer dollar after weaker jobs data in the United States.
The dollar link
Gold is priced in dollars, so a weaker dollar makes it cheaper for buyers using other currencies. That extra demand usually shows up within days.
What to watch next
The next inflation print and any change in rate guidance will matter most. If you save on a schedule, none of this changes your plan.