The dollar weakened for a fifth straight day and the euro soared to the highest since November amid a report that US President Donald Trump revealed classified information to a Russian diplomat. The euro jumped to the highest level since Trump’s election, while the Japanese yen also strengthened with the Mexican peso. The euro climbed 0.5% to $1.1028, the most since 9 November. BloombergHedge funds are dumping gold betsExpectations of another boost in US interest rates are wearing down gold bulls. Hedge funds and other large speculators cut long positions in bullion futures and options by the most in more than eight years last week.

Source: Mint May 16, 2017 19:52 UTC