Chart 1: Gold vs. Foreign Currencies
Here is the daily line chart for Gold/FC.
On Friday, Gold/FC closed at a 6.5 month high! It is only 3.4% from an all time high, and only 2.9% from a weekly all time high.
So Gold is performing very well against the other currencies. If and when Gold breaks above $1425 and heads towards $1500, we could see Gold/FC matching and making a new all time high.
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