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Gold Plummets As Dollar Surges And Fed Guessing Continues

Discussion in 'Technical Analysis' started by Kaitlin, Oct 5, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Spot gold plunged sharply on Tuesday, by more than 3% at its worst, as the US dollar surged and more signals emerged that a Fed rate hike this year may be increasingly likely. Monday’s US manufacturing PMI data came out significantly better than expected, further helping to support an impending[​IMG]

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