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The Most Crucial Determinant of Gold Prices

Meera Shawn
Updated
The Most Crucial Determinant of Gold Prices

Another crucial factor behind precious metals’ rise was the US dollar index, which fell 0.42% on May 10. The DXY had gained over the last month, rising 3.4%, while gold fell 1.6%. Over the past few months, the US dollar (UUP) has been the most critical driver of gold prices.

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