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Back Fundamental analysis
Gold Finds Supportive Conditions
A weak dollar, high oil prices,
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A weak dollar, high oil prices, and a new outbreak of violence in the Middle East. By all conventional market logic, these factors should have pulled gold in different directions and left it caught in uncertainty. The precious metal chose its direction and rose, ending a three-day decline.The US Dollar Index fell to its lowest level since early May amid the strengthening Japanese yen. For holders of other currencies, gold became cheaper and therefore more affordable. As a result, a
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Marek Petkovich,
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