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Back Fundamental analysis
Nvidia shock reverses Friday gold losses
Today, gold rose by 1.3% to
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Today, gold rose by 1.3% to $4,124 an ounce, wiping out Friday's decline. Silver gained 2.6% to $53.27, while platinum and palladium also advanced. Recall that on Wednesday, November 4, gold opened at $3,942 and, following the election outcome, moved back above the $4,000 mark, which now again appears to be a support level. The primary bullish argument today is equity market jitters. Nvidia's board has opened an investigation into CEO Jensen Huang, which is restraining gains in Asian tech stocks
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Miroslaw Bawulski,
Analytical expert of InstaForex
© 2007-2026
EUR
Summary
Neutral
Urgency
1 day
Analytic
Maxim Magdalinin
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