Dollar Hits 18-Month High As Gold And Oil Diverge On Middle East Risk
The dollar's rate-hike-driven strength contrasted with gold's slip to near $4,160, while oil fell on rising Russian diesel exports rather than rallying on Gulf tensions.
The dollar climbed to its highest level in 18 months during the October 12 session as geopolitical risk and rate-hike expectations pulled currency, gold and oil markets in different directions.