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Gold Outlook: Fundamentals to lead gold’s price
Gold’s price moved in a sideways manner since last report. Today we are to discuss the fundamental challenges laid ahead for the precious metal as well as upcoming financial releases that may affect the direction of its price action. Finally, we will be concluding this report with a technical analysis of gold’s daily chart. It should be noted that the Fed’s interest rate decision failed to move gold’s price as much as some analysts may have been expecting. The bank as expected remained on hold displaying a data dependence in its accompanying statement, yet the new dot plot in the bank’s economic projections ... (full story)