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Commodities Weekly: Gold falls victim to US dollar strength

From marketpulse.com

A rebound in longer-dated US yields lifted the US dollar to 2019 highs which hurt the precious metal sector. Trade talk hopes and a resurfacing of geopolitical tensions lifted the energy sector while agricultural commodities await the annual US crop-counting tour. Precious metals GOLD has started this week negatively and could halt a three-week rising streak as it retreats from 6-1/2 year highs. A firmer US dollar and an improvement in risk appetite amid an apparent thawing of trade tensions have helped to undermine the precious metal. However, as of last Friday, physical gold holdings by exchange-traded funds (ETFs) ... (full story)

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  • Category: Fundamental Analysis