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XAUGold$3,808.16
24h
-1.82%
4 Nov, 10:59
Bullish on gold due to falling rates and weak dollar
Bullish-5.70%
AI Summary
The author argues that falling interest rates and a weakening US dollar will be positive for gold.
Future rate hikes may accompany a weaker US dollar
Interest rates, on the other hand, are declining
This is bullish for gold (the previous rationale was gold; oil prices above $100 were very unfavorable) https://x.com/cnfinancewatch/status/2117934691877863894/photo/1