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Thursday, March 28, 2024

Gold & Silver Extend Losses – Biggest Drop Since 2013

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Because nothing says dump gold and silver like an aggressively escalating currency war…

Once again the US-Europe crossover period is the witching hours for Precious Metals…

But as soon as Europe closed,. gold and USDJPY decoupled dramatically as the pair-trade-that-nobody-talks-about rolls on…

As it seems losses escalated after the European close… and as Oil flushed below $44

Margin calls? Or maybe the status-quo just cannot stand the outperformance…

Charts: Bloomberg

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