Earlier this week, gold saw its price drop from a three-week peak as investors booked profits and a slightly stronger U.S. dollar weighed on prices. This comes as market participants continue to wait for clearer direction on America’s tariff policy and the outcome of upcoming discussions between Iran and the United States in Geneva.
He explained that this shift could prove difficult for monetary policy to counter as lowering interest rates may not be sufficient to offset its impact. The economic outlook of the U.S., geopolitical tensions and the trajectory of the U.S. dollar will all be watched by entities like Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) whose revenues are…
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