Trade indices Online
  1. Hello Guest Would you like to receive a FREE $50 No Deposit Bonus ? Check this

Gold Analysis: Could break above $ 1280 amid dwindling Fed rate hike bets

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 8, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Joined:
    Oct 7, 2015
    Messages:
    27,524
    Likes Received:
    0
    XAU/USD (gold price in terms of USD) surged to near thirteen-month high at 1273.20 on Monday, bolstered by a weaker greenback after the US labour market conditions report displayed the worst result since 2009. The Labor Market Conditions Index (LMCI) fell to -2.4 points in February, in contrast to a reading of 1 point expected, and following a downwardly revised -0.8 points in January. Monday’s jobs data added to the recent streak of poor US fundamentals and poured cold water on the Fed rate

    Continue reading...
     

Share This Page

Trade indices Online