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Gold Analysis: Attempts tepid-recovery near $ 1140, US ISM report eyed

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 2, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Gold prices in terms of the US dollar (XAU/USD) fell for the third straight session on Friday and booked the second weekly loss in a row last week, as renewed Dec Fed rate hike bets kept the non-interest bearing gold prices under pressure. The bullion completely ignored weak data sets from the US and dropped to three-week lows at 1139.14, before recovering to 1142.10 at close. The Fed’s favourite inflation gauge, Core PCE index came in at 0.1% versus 0.2% expected. While personal spending

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