Gold rises amid FOMC minutes, ECB to ease further

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 7, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Forex News and Events Time to buy gold? (by Yann Quelenn) Since December the yellow metal has sharply increased and is now trading between 1200 and 1250 dollars per ounce. For many people, gold is useless as it does not provide dividends but still it seems that buying pressures are growing. However, in the last four years, gold has lost more than 30% of its value and a lower gold price indicates confidence in central bank actions. Ironically despite massive intervention by policymakers around

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