THE US dollar has been depreciating against several Asian currencies in recent months due to growing concerns over the United States' widening trade deficit and 41-year low interest rates, which caused capital to flee the world's largest economy.
The weakening greenback resulted in a 'gold rush' that had driven spot gold to an almost seven-year high of US$384.60 per ounce.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!