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Gold: Black Friday Sees Metal Hit Fresh Multi-Year Low

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 27, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    It has been a black Friday for gold because the yellow precious metal has dropped to its cheapest price level since February 2010. And the outlook does not look bright either as the ECB and Fed’s diverging policies mean that the attractiveness of both the US dollar and stocks could increase further. This won’t be good news for the so-called safe haven precious metal, which, unlike equities and bonds, pays no dividends, offers no yield and costs money to store, too. So traders may continue to

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