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Gold price still slipping in USD as greenback continues advance

From sharpspixley.com

The fallout from the latest U.S. Fed interest rate increases seems to be continuing with the U.S. dollar strengthening further against most competitive currencies, while equities, bitcoin and precious metals are all falling as economies are seen to sink deeper into, or towards, recession. In an interview with Kitco.com’s David Lin, Ronni Stoeferle, Managing Director of Incrementum AG of Leichtenstein, who knows an awful lot about gold as founder and publisher of the excellent annual ‘In Gold we Trust’ report, suggests the dollar gold price could yet see further temporary falls, although remains very bullish on the ... (full story)

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  • Category: Fundamental Analysis