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Analyst: Investors Reassessing Venezuelan Situation Leads to Gold Price Drop
Summary: According to sources, gold prices fell on Wednesday due to a stronger US dollar and investors reassessing the recent developments between the US and Venezuela. "At the beginning of the new year, the market has been quite chaotic and volatile. Therefore, some profit-taking and reassessment of the Venezuelan situation seem necessary," said Jamie Duta, Chief ...
According to sources, gold prices fell on Wednesday due to a stronger US dollar and investors reassessing the recent developments between the US and Venezuela. "At the beginning of the new year, the market has been quite chaotic and volatile. Therefore, some profit-taking and reassessment of the Venezuelan situation seem necessary," said Jamie Duta, Chief Market Analyst at Nemo.money. There are also indications that the US has begun coordinating with the Venezuelan government since Maduro's arrest.
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Link: Analyst: Investors Reassessing Venezuelan Situation Leads to Gold Price Drop [Copy]
