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Gold & Crypto Surge, Dollar & Stocks Purged As Trump-Fed Feud Escalates

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by Tyler Durden
Monday, Apr 21, 2025 - 08:00 PM

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Today was a classic China-dumping day: yields surging, dollar plunging, Beijing buying yuan and gold...

With many international markets closed, trading volumes were muted (total shares traded across all US exchanges -35% vs 20dma) and liquidity dismal today (S&P Emini top of book depth back below $2mm vs historical avg of $13mm).

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