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Gold remains in demand, but less so against the US dollar
I highlighted in last week’s article that whilst gold tends to perform well in January, it may struggle to do so this year. It’s already delivered strong returns in the three months of Q4 and the tide could be turning in the US dollar’s favour. Gold is currently down -1.8% in January, but I see further downside potential given false break of the previous record high alongside the growing case for a stronger US dollar. But that doesn’t mean gold will fall against everything by the same degree, if at all. The gold basket has delivered a steady uptrend against all fore majors overall and, whilst it saw a ... (full story)