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Gold Analysis: Bullish Stability Holds

From dailyforex.com

The gold market reached an all-time high last week, as disappointing economic data gave the Federal Reserve the green light to resume its monetary easing cycle. However, investors are now trying to gauge how much of this easing is already priced into the bullion market. According to gold trading platforms, the price of gold rose to the $3674 per ounce resistance level, an all-time high, before closing the week stable around $3642 per ounce. In addition to U.S. interest rate cut expectations, the gold market is reacting to the uncertainty surrounding U.S. monetary policy, as President Donald Trump and his ... (full story)

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  • Category: Technical Analysis