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Gold Price Futures (GC) Technical Analysis – Weekly Rally Strengthens Over $1347.40, Weakens Under $1329.30

From fxempire.com

Gold futures finished higher last week, while posting a dramatic two-sided trade. The movement in the U.S. Dollar was mostly behind the wild price action. It was primarily influence by volatility in U.S. Treasury yields. The catalyst behind much of the price action last week was U.S.-China trade relations. Gold was said to have been given a boost when investors began dumping safe-haven dollar purchases after the news regarding the U.S. and China turned positive. The catalyst driving gold prices lower was less-than-dovish U.S. Federal Reserve Monetary Policy Meeting Minutes. Last week, April Comex Gold settled at ... (full story)

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