1. Hello Guest Do you know binary.com offers exclusive $20 No Deposit Bonus for FX Binary Point visitors? Click here to sign up

Gold Facing Pressure as FOMC Rate Hike Looms

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 15, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Joined:
    Oct 7, 2015
    Messages:
    27,524
    Likes Received:
    0
    The week ahead is likely to be volatile for Gold but the question remains as to what extent a potential US rate hike has already been priced in. Gold came under pressure early in the week as FOMC member Bullard’s speech further fuelled the case for a rate hike. In addition, US Core Retail Sales and PPI were also buoyant at 0.4% and 0.3% m/m respectively. Subsequently, Gold was sold off strongly as capital fled the metal for other safe havens. However, the slide was arrested by a weaker than

    Continue reading...
     

Share This Page