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Gold Market Wire
News, analysis and commentary for gold traders and investors
US Dollar in Dramatic Surge
August 21, 2020 - (Gold Market Wire) - The US Dollar has had a dramatic surge in early US trade, gaining back almost 1% vs. the Euro from a roughly 10% decline that began in mid-May. We have touched down on the trend line as the market awaits the first test of support for the Euro.
The fall kicked off with the New York opening, as we see here:
Such a move hasn't been lost on the Gold and Silver markets, which are feeling the heat now. Silver has touched $26.04 intra-day and is under some pressure.