World USD price reaches 13-month high
The US presidential election results and turmoil in Europe helped the US dollar gain 3% this month, reaching its highest level since late last year.
The US presidential election results and turmoil in Europe helped the US dollar gain 3% this month, reaching its highest level since late last year.
Safe haven demand helped the precious metal rise for a fifth straight session, with a total of more than $170 this week.
Instead of fighting climate change, Donald Trump wants to prioritize fossil fuels and eliminate wind power when he returns to the White House.
Major US trading partners such as China, Mexico, and the EU are expected to suffer a lot of damage due to Donald Trump's protectionist policies.
Donald Trump's victory immediately excited stocks and cryptocurrencies, but experts say the global economy still faces challenges in the medium term.
Uncertainty surrounding the US presidential election sent gold prices up more than $7, while Wall Street rose more than 1% on upbeat economic data.
For the second time this year, US chipmaker Nvidia surpassed Apple to become the world's largest company by market capitalization, with $3,430 billion.
The new peak of precious metal prices was established at 2,304 USD per ounce on April 4, thanks to expectations that the US would reduce interest rates.
The performance of Asian economies is not as expected and growth in the region is forecast to be slower than last year, according to the World Bank.
Domestic demand helped Russia's producer price index rise to 55.7 points last month, the highest since 2006.