Gold Tops $5,200 as Dollar Slides; Silver Up Over 50% YTD [Yahoo! Finance]
BlackRock, Inc. (BLK)
Last blackrock, inc. earnings: 4/16 06:02 am
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Source: Yahoo! Finance
out of currencies and sovereign bonds, leaning into precious metals as the US dollar weakened. Bullion rose as much as 1.3% on Wednesday, building on a 3.4% surge in the prior session that marked its biggest one-day gain since April, while the dollar slipped to its weakest level in nearly four years. Speaking with reporters in Iowa, President Donald Trump said he was not worried about the dollar's decline, describing the currency as doing great and emphasizing that fluctuations in exchange rates are normal. Is GLD fairly valued? Test your thesis with our free DCF calculator. That backdrop, combined with rising geopolitical tension and policy uncertainty, has helped accelerate demand for gold and silver. Investors have been reacting to concerns around heavy fiscal spending, highlighted by a sharp selloff in the Japanese bond market, alongside speculation that the US could intervene to support the yen, which has weighed further on the dollar. Gold has now gained more than 20% since
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