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Gold drops sharply

Note: This section contains information in English only.
Source: Dukascopy Bank SA
[ANNOUNCE]On Wednesday, the price for gold dropped more than 1.50%, as a larger surge of the US Dollar occurred. Namely, stocks and other assets dropped in price, as the USD gained strength. [/ANNOUNCE]

The surge of the USD was attributed to an asset sell off starting prior to the upcoming US election, as investors were liquidating their positions and moving to cash to avoid volatility and risk.
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