Gold's current situation

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#1Dec 11, 2022, 04:24 AM
Gold is still stuck in this messy range between $2,600 and $2,720, which is a pretty significant consolidation area. If you're trading these ups and downs, expect some wild value shifts. If the Fed hints at holding back on rate cuts in 2025, that could push gold down. But if stagflation gets confirmed, we might see a surge in demand for gold as people ditch the dollar in favor of gold or even crypto.
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