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Gold: Supported by the Dollar's Decline
Gold's bullish attempts hit their limit at $1745, where the price has settled as of this writing. Gold lacks more momentum to take off strongly higher. The strong economic data weakened the commodity's appeal as a safe haven. However, concerns about the sudden rise in coronavirus cases and the slow pace of vaccinations in many countries weakened gold's downward momentum. The price of gold was not affected much by the announcement of the contents of the last meeting of the Federal Reserve. In the same performance, silver futures rose at $25.247, while copper futures settled at $4.0545. A report from the Commerce ... (full story)