The dollar hit an 8-week high. This record of sustained gains has not happened in the past 18 years. The U.S. dollar rose because of the accelerated monetary policy of the Federal Reserve. This has also caused other currencies to be continuously dragged down, especially gold. Gold had a short-term rebound in 1935, but it did not break through the resistance level. This also accelerated gold's fall to 1900 again.
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