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XAU USD: Is gold still a safe haven in 2022?
Why is gold falling against USD? After all, gold and other precious metals are supposed to be safe haven options during times of economic uncertainty. Gold had an epic rally up to $2036 at the beginning of 2020, followed by a 2-year ride full of difficulties. But after Q2 of 2022 got underway, XAUUSD took a dive. So what is happening? There is no shortage in the gold market. Supply chains are mostly intact. Clearly, the bearish XAUUSD is happening because USD is strong, as opposed to gold being weak. But how is that possible in a time when global recession fears are on the rise? USD is stronger than it has been in a ... (full story)
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- Posted: Nov 2, 2022 7:48am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 644
