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Gold: Facing Further Negative Rate Rhetoric?

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 22, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Gold had a strongly volatile week as much of the information contained within the Fed’s various statements was contradictory. Early in the week saw Janet Yellen testifying before congress and largely suggesting that the 2016 rate hikes were on track before contradicting herself and suggesting that negative rates had been analysed and discussed. This statement was further supported by ex-Fed member Kocherlakota who suggested that negative rates are needed now for the US economy. Subsequently,

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