Spot gold bulls show signs of hesitation as a spinning top pattern emerges
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On Thursday, the price of precious metals saw minor losses due to renewed demand for the U.S. Dollar (US DXY) to 103.95, causing a reversal in their bullish performance. Earlier, positive economic data added to investor optimism, with U.S. jobless claims unexpectedly dropping by 2,000 to 210,000 last week and February's existing home sales showing a surge, indicating a strong first-quarter economy.
Spot gold bulls show signs of hesitation as a spinning top pattern emerges
Spot gold bulls show signs of hesitation as a…
Spot gold bulls show signs of hesitation as a spinning top pattern emerges
On Thursday, the price of precious metals saw minor losses due to renewed demand for the U.S. Dollar (US DXY) to 103.95, causing a reversal in their bullish performance. Earlier, positive economic data added to investor optimism, with U.S. jobless claims unexpectedly dropping by 2,000 to 210,000 last week and February's existing home sales showing a surge, indicating a strong first-quarter economy.