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Gold remains pressured despite weak dollar

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 5, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Gold continued to be weighed down along with other major commodities on Monday despite persisting weakness in the US dollar and lowered expectations for further Fed rate hikes. Since a 13-month high around $1280 was reached just over three weeks ago in mid-March, the price of gold has fallen in a series of lower highs and lower lows. This steady retreat has occurred even as the US dollar has also steadily lost ground during the same period due to progressively diminishing anticipation of

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