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“Today, the market found from the recently released balance sheet of the Federal Reserve that the Fed will reduce the scale of its huge balance sheet this month to reach 1 trillion US dollars, and the speed is almost twice that of 2018-2019. Data on initial jobless claims released at the same time showed that the U.S. labor market is stabilizing.
With the sudden good news superimposed, the U.S. dollar index rebounded from the bottom and suddenly rose by more than 300 basis points. Affected by this, gold experienced a sudden bad drop.”
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