Commodity Trade Mantra

Posts Tagged ‘Gold Technical Analysis’

Gold Prices Lose Steam After Post-FOMC Rally, May Turn Lower

Gold prices struggled to find follow-through after posting the largest daily gain in two weeks following the FOMC rate decision. Initial elation at the flattening of the central bank’s projected rate hike path in the immediate aftermath of the policy announcement may be giving way to the realization that Chair Yellen seemed to all but promise a rate hike in December.

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