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Commodities

Weakening Dollar Boosts Gold as Safe-Haven Demand Surges

Guavy AI Editorial Team
Instruments
Gold
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Gold has regained momentum in recent months, driven by a weakening U.S. dollar and safe-haven demand.

The gold price has surged over 16% in August, with MCX Gold Futures gaining nearly 14%, indicating strong participation from global and domestic investors.

The decline of the U.S. dollar index to around 98.50 levels, down from 101.50 a month ago, has enhanced the attractiveness of gold for international buyers and investors.

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