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Gold has a shot at more record highs, thanks to Trump’s preference for a weaker dollar - MarketWatch

1. Trump administration favors a weaker dollar to boost U.S. manufacturing competitiveness. 2. Gold's price has an inverse relationship with the U.S. dollar. 3. Recent foreign central bank accumulation of gold drives price up. 4. Gold is seen as a geopolitical hedge, complicating its dollar relationship. 5. Trump's policies may disrupt traditional correlations with gold and the dollar.

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FAQ

Why Bullish?

A weaker dollar typically boosts gold prices. Historical data shows gold outperforms when the dollar declines.

How important is it?

The article discusses factors that influence gold's price directly linked to currency policies.

Why Short Term?

Immediate reactions to currency policies are likely, affecting gold prices quickly.

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