Gold Volatility Increasing as December FOMC Decision Looms

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 10, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Gold fell sharply last week as a strong US Non-Farm Payroll result stoked speculation of a rate hike in December. The NFP result came in well above forecasts at 271k which caused Gold to immediately come under selling pressure and close at $1089.21 an ounce. However, as the US labour market firms so does the chances of a rate hike, which could spell disaster for the precious metal. Following the surprise NFP result, Gold experienced some serious selling pressure as the precious metal formed a

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