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A Fed pause won’t derail the gold market

From kitco.com

The gold market is ending the week in a tough spot, as bullish momentum has been met with solid technical selling pressure. Although gold looks somewhat directionless in the near term as investors react to shifting economic conditions, it is important not to get caught up in the noise. This week, gold was unable to hold gains above $4,200 as markets began to price out a potential Federal Reserve rate cut next month. The U.S. government ended its 43-day shutdown — the longest in history — but we can expect the effects to be felt for the next few weeks. Some economic data, like October’s CPI numbers, will be lost ... (full story)

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  • Category: Fundamental Analysis