Gold extends recovery on USD weakness

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 19, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Córdoba) - Gold extended its recovery from 6-year lows back above the $1,085 an ounce as the dollar continues to weaken following FOMC minutes, which failed to provide a clear sign of a December’s lift-off.

    The metal, that scored its lowest level since January 2010 near $1,064 an ounce yesterday, picked up pace during the American session and climbed to a high of $1,087 an ounce. It was last trading up 1.1% around $1,080/oz.
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