Gold plummets, and in the current geopolitical conflicts, the safe-haven attribute of the US dollar is highlighted, with the US dollar index recently breaking through the 100 mark, reaching a new four-month high, with some safe-haven funds flowing directly from gold into dollar assets. And since gold priced in dollars has a direct negative correlation with the dollar, a strengthening dollar directly suppresses gold prices. $XAUUSD

XAUUSD-3.28%
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