Gold prices advanced Wednesday in the first session of March after booking their biggest monthly decline since June 2021 in February.
Price action
Market drivers
The U.S. dollar is kicking off March in the red after the ICE U.S. Dollar Index DXY, a gauge of the greenback’s strength against a basket of major currencies, logged its biggest monthly advance since September in February. The weaker greenback is helping to bolster the price of gold, along with U.S. stocks, which looked set to open higher Wednesday.
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