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Gold's moves in 'lockstep' with U.S. stocks could point to a brewing market danger

From morningstar.com

Investors often turn to gold if they need a safer place to park their money when other assets weaken - but that hasn't necessarily been the case this month. Lately, gold has been falling alongside U.S. stocks, which suggests a more dire situation for markets could be afoot - especially if it means there is no safe haven for investors to turn to. Prices for gold (GC00) ended 2.4% lower on Friday to settle at $4,094.20 an ounce, their lowest level in a week, even as the S&P 500 index SPX briefly fell by as much as 1.3% from Thursday's close and bitcoin (BTCUSD) touched lows under $95,000. That came after gold, the S&P ... (full story)

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  • Category: Fundamental Analysis