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Home » Charts » 05/14/15: Dollar Index Drifts Lower, Gold Rises

05/14/15: Dollar Index Drifts Lower, Gold Rises

Posted by FXTimes in Charts - May 14th, 2015 2:07 pm GMT

The US dollar index fell to nearly four-month lows on Thursday, as gold continued to trade well above five-week highs.

The dollar index, a trade-weighted average of the US dollar against a basket of six currencies, declined 0.3 percent to 93.34, its lowest level since January. The index has seen a steady decline since mid-April, falling around 6 percent over that period.


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Meanwhile, spot gold continued to trade above five-week highs, advancing more than $8 to $1,224.86 an ounce. US gold futures for June delivery climbed more than $3 to $1,221.20 an ounce, its highest settle since April.


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