Gold Back Under $1,700 as Dollar Gets Bid on Global Fears

Investing.com -By Barani KrishnanInvesting.com – Gold has lost its $1,700 perch as the dollar index goes back to scaling the high 100s in competition for the safe-haven appeal that was once the domain of the yellow metal.Forex dealers piled into the dollar on Wednesday, driving up the index that measures the greenback against a basket of six currencies, as coronavirus fears continued to weigh on a world emerging from lockdowns imposed by the pandemic. Gold typically moves in opposite direction to the dollar.“The U.S. dollar continues to outperform as forex markets diverge somewhat from equity …

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