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Gold: Reasons for Calm Trading

From dailyforex.com

With pressures on the US dollar, the price of gold is trying to maintain the psychological resistance level of $1900, which paves the way for testing stronger highs. Markets and investors are in cautiously awaiting the release of US inflation figures. The yellow metal has gained momentum over the past month, buoyed by a weak dollar and inflation fears. With expectations that the Federal Reserve will ease its quantitative easing efforts and possibly raise US interest rates, gold prices fell by 0.4% over the past week, but are still up 11% since April. Since the beginning of the year 2021 to date, the price of gold has ... (full story)

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  • Category: Technical Analysis