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Gold: Moving in Narrow Ranges

From dailyforex.com

The price of gold showed a modest move to the upside during early trading this week amid falling US Treasury yields. The price of gold rose to the level of $1798 and settled amid limited trading around the level of $1794 as of this writing. The modest increase in gold prices came with a decline in US Treasury yields, after rising significantly in the previous session. Gold prices also rose as the value of the US dollar slipped off its highs, and trading activity was somewhat subdued as investors look to release closely watched reports on US consumer prices, industrial production and retail sales in the coming days. ... (full story)

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  • Category: Technical Analysis