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Gold's freefall meets historical support

From admiralmarkets.com

Gold is the global benchmark safe-haven asset and its price tends to rise with uncertainty. However, its price is currently in free fall due to improvements in the economic outlook and the strengthening of the dollar. The uncertainty generated by the coronavirus seems to be stabilizing. Vaccination programs continue to advance. Furthermore, in some regions of Europe, restrictions have been tightened to prevent an outbreak of a third wave during the Easter holiday. Due to this, investors have intensified the purchase of riskier assets such as equities, something that is reflected in the positive evolution of the main ... (full story)

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  • Category: Technical Analysis