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Browsing: Bulyanhulu Gold Mine
Gold producers and investors are happy after the mighty dollar having taken a dip owing to the resurgence of demand for gold and increasing gold prices around the world and the dollar value going down, for now.
In the most recent publication by FxStreet titled Gold Price Forecast, experts admitted that “…the US Dollar (USD) weakened, a tailwind for the yellow metal.”
However, if one thing we know about the dollar is that the green buck knows how to take punch. The dollar maybe down but it is not out as the report analysts point to the hovering market confidence in the dollar performance.
“The sentiment is upbeat, as shown by global equities trading in the green. As previously mentioned, market players are positioning for a possible Fed pivot, while economic data in the US continues to show further deterioration in the country, which, coupled with high inflation and lower …