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Silver, Gold Prices May Fall on Trade Deal - XPD/USD to Rise?

From dailyfx.com

Silver and gold prices may fall if the rhetoric from US and Chinese officials cools 2020 Fed easing expectations along with demand for anti-fiat hedges. This comes as geopolitical tensions between Iran and the US remain relatively tepid and have also reduced market expectations of easing form the prospect war. Palladium prices may rise in anticipation of stronger Chinese growth and greater demand for it. Gold prices have recently retreated following their impressive rally after the precious metal broke above the September descending resistance channel. However, it has now since retreated a little more than four ... (full story)

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  • Category: Technical Analysis