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Gold advances as USD pauses for breath ahead of FOMC, GDP

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 28, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Gold is up for a second consecutive day and is trading around a good $1173 per troy ounce at the time of this writing. The rallying dollar has paused for breath ahead of the FOMC policy statement tonight and the US GDP data on Thursday, while the upsurge in equity markets have also slowed down, at least for the time being anyway. And with government bond yields in Europe falling further into the negative territory, gold’s appeal as a real alternative to fiat currencies has risen on a relative

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