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Industrial Metals Higher as Inventories Fall

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 1, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Precious Metals Down Amid Upbeat US Data Gold posted steep declines on Friday, falling as upbeat data from the US renewed optimism over the strength of the country’s economy and raised concerns that the Federal Reserve might return on the path of raising interest rates in 2016, driving the Dollar much higher. On the Comex division of the New York Mercantile Exchange, gold futures for delivery in April settled at $1,220.40 a troy ounce by the end of Friday’s trade, slipping $18.40, or 1.49%

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