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Tag: Gold

Gold Prices Dip

Gold Prices Dip as the Dollar Strengthens: Investors Anticipate Federal Reserve Officials’ Insights

Gold Prices Dip. Gold’s descent reflects investor caution before Fed officials take the stage, potentially impacting the precious metal’s short-term trajectory. Analysts at Kinesis Money note consolidation in the gold market after a recent surge. October’s geopolitical tensions drove gold’s 7% rise, underscoring its status as a refuge asset. Continue Reading Gold Prices Dip as…

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Gold Prices Soaring

Gold Prices Soaring to New Heights: Comprehensive Analysis and Trading Setups for Oct 28, 2023 Amid Inflationary Pressures.

Gold has been trending higher since mid-September, reaching a peak of $2,072.90 per troy ounce on October 21. This is the highest level since August of 2011 and just shy of the all-time high of $2,077.50 reached in September of 2011. The yellow metal has been supported by a weakening U.S. dollar, rising inflation expectations,…

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