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Gold Technical Analysis: Anticipating US Dollar Impact

From dailyforex.com

Despite the strength of the US dollar, the price of gold appears resilient with the support of many global factors. First and foremost is the continuing COVID-19 epidemic and related global geopolitical concerns. The price of gold is stable around the $1,763 level as of this writing. Speakers at the London Metal Exchange (LME) Symposium on October 11 said that China will continue to have a positive impact on metals demand and prices despite the current slowdown in economic growth and concerns about its real estate sector that could lead to structural changes. Delegates at the symposium heard that China's moves to ... (full story)

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  • Category: Technical Analysis