Gold hovers near 2-week low as US dollar rallies

Concerns about a potential fallout of a hedge fund's default on margin calls also elevated the greenback's safe-haven appeal. Losses at Archegos Capital Management, run by former Tiger Asia manager Bill Hwang, sparked a fire sale of stocks on Monday, including that of some U.S. tech companies.

from Markets-Economic Times https://ift.tt/3fqGn2o