In the competition between dollar and gold in the risk-off flows, the dollar has won hands-down because of the stronger momentum in its favor. Logic doesn’t work when momentum is in play. That explains the unexplainable fall in gold in these turbulent times. Interesting times to watch out for.
from Commodities-Markets-Economic Times
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Tuesday 8 November 2022
Is gold ironically losing its shine when inflation is rearing its ugly head?
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