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Gold Testing Key Fib Extension Level
Gold prices continue to soar to fresh record highs this week with the futures market setting a new upper record over early European trading on Tuesday. The dovish shift in Fed expectations on the back of the recent reappraisal of US labour market data has seen traders moving to price in at least 1% of easing ahead of year end. Against this backdrop gold has benefitted steadily and looks poised to advance higher near-term. At the beginning of August, the July NFP was seen sharply undershooting market forecasts along with heavy downward revisions to two prior readings. This revaluation of the labour market was seen as ... (full story)
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- Sep 9, 2025 5:48am Posted byTechnical Analysis299
