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Thursday, March 28, 2024

Gold Spikes On Massive Volume After Trump’s Fed Chair Comments

Courtesy of ZeroHedge. View original post here.

The Dollar index dropped and gold jumped as President Trump told reporters during a meeting with the prime minister of Singapore that he was “very very close” to a decision on who would be the next chair(person) of The Fed

Jerome Powell continues to be the front-runner…

In a span of five minutes, 18,792 gold contracts, each representing 100 ounces of the metal, traded on the Comex at around 11:55 a.m. in New York – this represents around $2.4 billion notional of sudden buying-panic…

Pushing the precious metal above its 100DMA…

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