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July 29, 2020

‪#Gold hit its all-time high of $1,980.57/oz. before falling back in London to $1,955. #Silver rose 6.4% to $26.19/oz. before retreating to $24.34.

Gold Takes A Pause Just Under $2000/oz. After Hitting Record Highs As #Dollar Halts Drop

"The volatility in precious metals and the dollar reflected caution about the US economy and uncertainty ahead of the Federal Reserve's next policy pronouncements on Wednesday.‬

‪"While traders generally doubt the Fed will turn to negative interest rates, some said it could adopt more unconventional measures such as yield curve control or setting upper limits on short-term Treasury yields."

Read the whole story on the FT here:
https://www.ft.com/content/a69367e8-1730-4836-9f14-0c20d615e006?utm_campaign=Feed%3A+MasterMetalsNews+%28MasterMetals+News+Feed%29&utm_medium=feed&utm_source=feedburner

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