Gold Rally Outpaced by Silver While Net Long USD Exposure Persists
Summary
By sueyangfx.com July 22, 2020 at 06:13AM The price of gold trades to a fresh 2020 high ($1866) as the crowding behavior in the US Dollar persists, while silver trades 25% higher from the start of the year.
More On DailyFX - Market News
- US Dollar Price Action: Hawkish Powell and Potential Month-End USD Buying
- British Pound Falls, US Dollar Soars on Fed. Will Boris Johnson Issues Drag GBP/USD?
- British Pound Falls, US Dollar Soars on Fed. Will Boris Johnson Issues Drag GBP/USD?
- Gold Price Crumbles After Hawkish Fed Boosted US Dollar. Where to for XAU/USD?
- Supportive USD Fundamentals and DXY Setup Ahead of FOMC
July 22, 2020 at 06:13AM
The price of gold trades to a fresh 2020 high ($1866) as the crowding behavior in the US Dollar persists, while silver trades 25% higher from the start of the year.