Gold costs superior Wednesday within the first session of March after reserving their largest month-to-month decline since June 2021 in February.
Worth motion
Market drivers
The U.S. greenback is kicking off March within the pink after the ICE U.S. Greenback Index DXY, a gauge of the buck’s power in opposition to a basket of main currencies, logged its largest month-to-month advance since September in February. The weaker buck helps to bolster the value of gold, together with U.S. shares, which appeared set to open increased Wednesday.
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