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Dollar Weakens as Gold Jumps $40!

Name: Dollar Weakens as Gold Jumps $40!
Uploaded: 2024-02-26
Channel: David Kindley
Description: Gold held its nerve after finding some resistance as it traded around the mid-$2030 area.With US inflation data delaying interest rate cuts, the Fed is now waiting for the next round of data.Are we witnessing a sell-off or just a slight correction as

By David Kindley On Feb 26, 2024 55 0

Gold held its nerve after finding some resistance as it traded around the mid-$2030 area.

With US inflation data delaying interest rate cuts, the Fed is now waiting for the next round of data.

Are we witnessing a sell-off or just a slight correction as the dollar weakens?

Timestamps
XAUUSD 01:05
DXY 02:10

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David Kindley

Market Strategist at Orbex David Kindley is a renowned fundamental analyst with over 10 years of trading experience in the financial markets. With a keen eye for macroeconomics and a special focus on trading psychology, David is passionate about helping everyday investors make informed trading decisions through his thorough research and analysis.

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