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Base metals in red amid higher US dollar

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 29, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Precious Metals Plummet on Hawkish Comments from Fed Gold slumped to a four-week low during the last trading day of the prior week, as more hawkish comments from a couple of Fed’s policymakers renewed indications that the US Central bank could consider hiking rates as soon as April, which, in turn, caused the Greenback to rally. On the Comex division of the New York Mercantile Exchange, gold futures for delivery in April declined to a midday bottom of $1,211.20, posting the worst close since

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