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New Funding Crisis Emerges As Soaring Dollar Demand Slams Gold, Drives Cross-Currency Basis Lower

Tyler Durden's Photo
by Tyler Durden
Authored...

This week has been different for precious metals...

Spot gold is currently down -8.5% for the week, which is the worst week since March 2020, but it was earlier down -10%, which would have been the worst week since 1983...

Is gold the canary in the coalmine of a dollar funding crisis?