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Gold: Will dovish FOMC minutes inspire metal to rally?

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 6, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    After a quiet start, the FX markets turned volatile this afternoon as traders sold the dollar in anticipation that the imminent release of the FOMC’s last meeting minutes will confirm the recent dovish commentary from the Fed. In addition, oil prices surged higher on the back of the latest weekly crude stockpiles report from the US Department of Energy. Although this was a mixed-bag report as it showed stocks at Cushing and those of oil products increased, the big headline drawdown of 4.9

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