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Gold is being used as an inflation hedge. Analysts at Commerzbank believe that the high at $2,072 will prove to be a catalystic break point on the topside. Bullish bias while above the 2021 low at $1,677 “Gold is in a long term bull move, and will remain so while above $1,677 the 2021 low.” “The lon

After a strong third quarter, eurozone growth is likely to decelerate on the back of supply chain troubles, high energy prices and a pick-up in Covid-19 infections. Inflation continues to surprise on the upside, likely pushing the European Central Bank to take away some of the monetary stimulus next

The US Dollar Index (DXY) has broken higher through key resistance at 94.47/80. Analysts at Commerzbank expect the DXY to reach the 99.50 mark and see a chance to surge above the 100 level. DXY has cleared major resistance at 94.47/80, targets 99.50 “The DXY has cleared major resistance at 94.47/80.