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Gold Rally Shows No Signs of Stopping
Gold prices are continuing to soar higher midweek with the safe-haven benefiting from the collapse in USD. The Dollar has plunged amidst worsening US sentiment and speculation that the Fed was involved in joint intervention with the BOJ at the end of last week to impact USDJPY rates. Ongoing geopolitical uncertainties and a wider investor shunning of the Dollar has seen demand for gold ballooning with the futures market now up almost 25% on the year. With USD poised for furtehr weakness given the global backdrop, gold prices look set to continue higher near-term. Indeed, the lack of action in crypto markets means ... (full story)