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Wednesday, February 19, 2020
Gold Prices and Dollar Index Shows The Underlying Strength of Gold is strong
Gold Prices and the Dollar Index - As a rule of the thumb , when the value of dollar increases relative to other currencies, the price of Gold tends to fall in dollar terms. Its because gold becomes more expensive in other currencies. Today spot gold cross the 1600 level in the midst of a bullish dollar trend, it shows the underlying strength of Gold is very strong and this multi year gold bull cycle that started in Mar 2019 will continue.
at 6:17:00 PM