Due to the recent surge in the dollar's value on the global market, gold has experienced a decline. This can be attributed to the Federal Reserve's stringent monetary policy.
The price of gold has become more costly for buyers who hold currencies other than the dollar, as indicated by a 0.2% increase in the dollar index.
Investor sentiment towards gold prices appears pessimistic, as evidenced by continued net selling of gold by SPDR Gold Trust, the world's largest exchange-traded fund (ETF) for gold. In fact, its current holdings are at their lowest point since January 2020.
The price of gold has become more costly for buyers who hold currencies other than the dollar, as indicated by a 0.2% increase in the dollar index.
Investor sentiment towards gold prices appears pessimistic, as evidenced by continued net selling of gold by SPDR Gold Trust, the world's largest exchange-traded fund (ETF) for gold. In fact, its current holdings are at their lowest point since January 2020.
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Gold hit 1903 and then crashed +130PIps ❤️❤️😎
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1903 - 1890 😎😎=> 130PIPs
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Close all SELL GOLD
