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konhow
Dec 2, 2023 4:59 AM

Gold Has Broken and Is Staying Above US$2,000 

US Dollar Index® FuturesICEUS

Description

Why has gold broken above the $2,000 level? And why is it likely to stay this way for a long time?

This is because the USD has been weakening since October, and we can observe an inverse relationship between them during this period, as well as in previous periods.

Micro Gold Futures & Its Minimum Fluctuation

0.10 per troy ounce = $1.00
Code: MGC

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Comments
Alt-B
Nicely done. This was a big week for the precious metals breaking upwards and dxy / yields falling. Lots of opportunities in metals & miners!
konhow
@Alt-B, Thanks! I am glad you like this post. stay connected!
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