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Apr 24 - 08:55 AM
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Gold - Bearish Developments In Gold May Bode Well For The USD
By Jeremy Boulton — Apr 24 - 06:52 AM
• Gold slides below 21-DMA at $4700/oz to $4657 on Apr 24
• Gold fell roughly $1100/oz after similar break in March
• In March gold based ahead 200-DMA currently $4245/oz
• Gold surrendered almost 61.8% May 2025-Jan 26 gains
• Gains after intensification war partly undone by Iran war
• Gold rallies were preceding USD drops, rise may herald
• When math meets markets: MSCI's milestone puts risk currencies on notice
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Gold
(Jeremy Boulton is a Reuters market analyst. The views expressed
are his own)
Source:
London Stock Exchange Group | Thomson Reuters