The price of gold is trading on the bid at $1,897.50 and some 0.88% higher on the day as the US dollar crumbles away.
The range on the day so far has been between $1,875 and $1,898.52 as the bulls approach a key resistance area on the charts between 1908 and 1928.
However, while some may argue that the secular bull market in precious metals is still intact as capital will continue to seek shelter from a prolonged period of negative real rates, there is more at play here pertaining to the US dollar.


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