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How the Dollar’s Surge Affected Precious Metals

Meera Shawn
How the Dollar’s Surge Affected Precious Metals

One of the most crucial factors causing a slump in the price of precious metals is the revival of the US dollar. The DXY, which prices the dollar against a basket of six major world currencies, rose 0.68% on May 15. The DXY gained 3.8% over the last month.