Gold Retracement

David Spurr
updated | Author's Website

Gold has sold off on the US dollar strength.  Fundamentally it appears that nothing has really changed.  The country is still deeply in debt – although this week there was some talk about other nations and their debt, which may be worse than the USA’s.  Whether this is more than a short covering rally will take some time to play out.  Interest rates moved higher during the week.

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