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Gold dips to fresh 5 year lows

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 27, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    Global Markets Gold already poised for its sixth straight week of declines slumped to fresh 5 year lows around $1054.50in Friday’s trading session. November’s string of robust economic data from the United States has reinforced the firm expectations around the possibility of a US interest rate hike in December and this has acted as encouragement for sellers to consistently attack this yellow metal. Gold remains dictated by US interest rate expectations and further Dollar appreciation may act

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