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Precious Metals market reflects uncertainty ahead of Fed meeting

From thearmchairtrader.com

While gold futures have been broadly higher, breaking out to fresh YTD highs in consecutive weeks, price action in silver has been much more laboured. With gold prices starting the new week with a more offered tone, we are now looking at the prospect of a correction lower in the near-term. This is more interesting given the subdued action we’re seeing in the US Dollar. In short, current price action reflects a great deal of uncertainty and indecision in the market ahead of the upcoming FOMC meeting next week. Recently, there has been a growing view that the Feneral Reserve (Fed) will look to pivot further when it ... (full story)

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  • Category: Technical Analysis