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Video: The Fed’s Priorities are Changing in Golds Favour

Tom Winnifrith
Friday 29 March 2024

Analyst Alasdair Macleod notes that gold prices rose significantly last week, but the miners did not hedge their positions. He believes this is because mining boards have come to realize that it is the weakening US dollar, not gold, that is the cause of the price increase. As a result, they have decided to hold off on hedging their positions.

About Tom Winnifrith
Tom Winnifrith is the editor of When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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