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Gold Remains Supported after Fed Defers Rate Hike

Discussion in 'Technical Analysis' started by Kaitlin, Jul 28, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    In the immediate aftermath of Wednesday's FOMC statement, in which the Fed held rates steady as expected while still acknowledging improved economic conditions, gold spiked down on the mildly hawkish elements of the statement. Shortly after, however, as the markets digested the Fed's characteristically non-committal comments that gave no indication[​IMG]

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