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Gold Daily Analysis

From dailyforex.com

More risk appetite translates into losses for yellow metal, one of the most important safe havens, which is happening now as gold prices fell to 1284 dollars an ounce at the time of writing. As we expected earlier and now confirm that the stability of the price below the level of $1,300 will increase losses. US dollar remains strong with positive support from Inflation figures of both Consumer prices and producer prices, as well as weekly jobless claims fell to their lowest level in 50 years. Investors' optimism has been boosted by the emphasis on negotiating to resolve the biggest trade dispute threatening the ... (full story)

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  • Category: Technical Analysis