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Is the US Dollar Topping Out to the Benefit of Gold?

Annie Gilroy
Is the US Dollar Topping Out to the Benefit of Gold?

The Federal Reserve’s tighter policy stance has also stalled gold’s rally. The Federal Reserve, the world’s major central bank, is raising rates in contrast to the rest of the world’s central banks, which are still following a loose monetary policy. For the week ended August 3, speculators were net long on the US dollar for the seventh straight week.