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Gold Hits 8-Week Low, Set For Sharp Weekly Decline

Discussion in 'Fundamental Analysis' started by Angela_Riplay, May 27, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

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    Gold touched an eight-week low on Friday, after falling for seven straight sessions, on Fed’s interest rate hikes outlook and as the dollar rebounded ahead of Fed Yellen’s speech. The precious metal hit a low of $1211.16 an ounce, while currently trading around $1221.48 from the opening at $1219.53. So[​IMG]

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