Gold Slammed To 3-Mo Lows Despite Dollar Dump
The rout in precious metals continues this morning with gold back to 3-month lows, despite the dollar also being dumped...
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Breaking below its 50- and 100-day moving-averages...
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Source: Bloomberg
And with bonds away, the algos will play, decoupling gold and the dollar...
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Source: Bloomberg
Will gold re-rally back to USD weakness when bond discipline returns?
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