The dollar index dropping to 98 suggests continued weakness in the U.S. dollar, potentially boosting assets like gold and cryptocurrencies, which often move inversely to the dollar. However, gold falling to its 50-day SMA at $3,318 indicates short-term bearish pressure, possibly testing support at this key technical level. The Nasdaq futures forming a golden crossover [...]The post Dollar Index Dropping To 98 May Potentially Boost Gold And Cryptocurrencies appeared first on Tekedia.
Related Articles
Don't miss out on breaking stories and in-depth articles.