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Latest Gold Moves Explained With Inflation
So, the price of gold has been going on a bit of a roller coaster lately. And to make the life of traders a little more interesting, its behavior has been a bit counterintuitive. One would expect that following a massive, politically charged event that leads to uncertainty like what happened at the US Capitol on Jan 6 would motivate people to buy gold. Yet the price dropped over a hundred dollars per ounce over the next couple of days. To get a better handle of what’s going on, we have to look under the hood a bit. Not so much at gold, but at the dollar. The USD has also been going for a bit of a rollercoaster as ... (full story)