Gold Rebounds From Lowest in a Week as Rate Bets Weaken Dollar
- Optimism growing that central banks will keep credit costs low
- Bloomberg Dollar Spot Index ended four-day winning streak
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Gold rebounded from the lowest in a week as the dollar weakened, boosting demand for precious metals as a store of value.
The Bloomberg Dollar Spot Index slipped 0.3 percent, the first decline in five sessions. Growing optimism that global central banks will keep interest rates low to stimulate growth is spurring gains in equities, bonds and precious metals. Low borrowing costs are a boon to gold, which doesn’t offer yields of dividends.