Gold prices on the receiving end of the crypto craze


Gold prices are finding resistance around $1795 as the mainstream demand for cryptocurrencies heightens. On Monday, the precious metal was up by 0.56% to trade at $1792.79. The crypto craze is likely to continue with the $1,400 direct checks included the US relief package. Besides, the stimulus is likely to result in inflation, prompting the Fed to increase interest rates. The subsequent strengthening of the dollar is of concern to investors looking to trade gold.   

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27.02.2021 10:06