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Will the U.S. dollar index fall below 90 by the end of 2024?
5
Resolution / Starting Odds
Yes • 50%
No • 50%
U.S. dollar index data from reputable financial news sources such as Bloomberg or Reuters
Story
Gold Prices Surpass $2,500/Oz, Up 8%, Amid Inflation Concerns
Aug 16, 2024, 10:23 AM
Gold prices have reached new record highs, surpassing $2,500 per ounce for the first time. This milestone comes as investors closely monitor U.S. inflation data, which could influence future monetary policy decisions by the Federal Reserve. The surge in gold prices reflects increased safe-haven demand amid economic uncertainties and expectations of potential interest rate cuts. The rise in gold prices also coincides with a weaker U.S. dollar, which has been affected by recent inflation data indicating subsiding inflation pressures. Gold is now up more than 8% and recently hit $2,486 per ounce, marking the highest daily close in history.
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