China Continues Buying Gold as Dollar Index Flatlines
China maintains its gold purchases, while the Bloomberg Dollar Spot Index holds steady at 1,203, unchanged from the previous close.
XAUUSD
The post highlights that China has continued its gold-buying spree, a trend that has supported the yellow metal in recent months.
Meanwhile, the Bloomberg Dollar Spot Index (BBDXY) closed at 1,203, exactly matching the prior day’s level. The lack of movement has prompted questions about whether currency traders have already stepped away for the holidays.
The stall in the dollar index comes amid quiet trading conditions, with the BBDXY failing to react to fresh catalysts.
Source: FXStreet Forex News