Quick and to the point.
The euro fell below 1.3700 against the US dollar. Instead of gold falling because the euro fell against the US dollar, the gold price made a strong gain.
This is what competing currency devaluations are all about.
One major currency gets into market difficulties and weakens against other major currencies - gold rises.
Then another major currency gets into market difficulties and weakens against other major currencies - gold rises.
Gold is left standing as the NUMBER ONE CURRENCY.
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Quick and to the point.The euro fell below 1.3700 against the US...
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