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UGLDF - Whipsaw action in gold resolves to the upside with $2K again in sight
VS 3X GOLD
Gold (XAUUSD:CUR) had a wild ride yesterday in wake of Fed Chair Jay Powell's Jackson Hole speech, at which he said the central bank would have no issue with inflation topping the 2% target. Investors initially bought the news, sending the metal all the way up to $1,960 per ounce, before just as quickly liquidating longs and sending gold into the red on the session at $1,920.
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