Gold Dipped. Blame the Dollar’s 18-Month High. It Expires Wednesday. - GoldSilver

Gold Dipped. Blame the Dollar’s 18-Month High. It Expires Wednesday. - GoldSilver

Source: GoldSilver

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DW NOTE

The dollar index hit an 18-month high while the Strait of Hormuz stayed closed for eight days running and PCE inflation printed 3.7%. Gold fell anyway. That tells you the dollar rally is technical positioning, not a flight to safety — because nothing about the current backdrop is safe.

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