The US Federal Reserve took a dovish stand this week, saying that it’s prepared to permit inflation to rise past the same old goal of two%. The implication that rates of interest will stay low for years slightly than months drove the US Greenback down in opposition to a basket of different main currencies, and in opposition to Gold. The worth of Gold was additionally helped by buyers studying that Warren Buffett has just lately bought off lots of his shares and bought gold. Crude Oil hit a 5-month excessive as Hurrican Laura made landfall within the US, affecting the oil manufacturing capacities of the US.
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