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Did gold stop to respond to the U.S. dollar price moves?

Posted on 10 October 2013

The recent week was tough for the U.S. currency. Investors avoided the dollar as uncertainty over the U.S. government shutdown and the upcoming debate on the debt ceiling weighed on sentiment. The shutdown, with its suspension of funding for government workers and some programs, could hamper U.S. growth and delay tapering.
Therefore, some investors buy gold as a safe haven or alternative to the U.S. dollar on the view that it will outperform other assets during political or economic turmoil. However, looking at chart of gold, it seems that these circumstances have had a limited effect on the gold market. “(…) Sentiment remains hesitant towards gold, which has been reflected in the market positioning………………………………………..Full Article: Source


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This post was written by:

VRS - who has written 34624 posts on Opalesque Commodities Briefing.


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