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Gold consolidates gains as dollar rebounds

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 16, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Another exciting week of trading is drawing to a close and after some downbeat US macro pointers earlier in the week, investors’ expectations about the timing of a Federal Reserve rate rise was pushed further out. As a result, the dollar fell while stocks rallied on hopes of lower interest rates for longer in the US and fresh easing elsewhere, most notably China. The weaker dollar helped to boost the price of gold, too. However, the slightly stronger-than-expected core CPI print and a sharp

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