Gold trader shocked: USD's 1.7% spike breaks every rule he learned
Key Points
- Gold experienced an unexpected surge to $3,350 while the dol...
Gold hit $3,350 while the dollar bounced back from its April grave, and suddenly every precious metals playbook looks like it was written in crayon. The shiny metal that's supposed to zig when everything else zags just did a synchronized swimming routine with market chaos instead.
Here's what happened on this fine Monday, July 28th: Gold futures jumped 1.7% while everything else was having an existential crisis. Meanwhile, the USD decided to channel its inner phoenix, rising from the ashes of its July 1st bottom like it had been saving up drama points all month.
The Dollar's Revenge Tour...
While we have taken every measure to build an AI pipeline that generates credible and accuracte news, we still encourage you to conduct your own research before making investment decisions. InsAIght's content should not be considered professional financial or trading advice.