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Currency of the United States
The United States dollar is the official currency of the United States (U.S.) and several other countries. The U.S. Coinage Act of 1792 established the dollar as the base unit, with each dollar divided into 100 cents. U.S. banknotes are issued in the form of Federal Reserve Notes, popularly called greenbacks due to their predominantly green color.
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Gold (XAU/USD) reverses its modest recovery on Thursday as a stronger US Dollar (USD) and rising US Treasury yields cap upside attempts, leaving the metal in a bearish consolidation phase near two-month lows.