Investor anxieties inspires bullish momentum in Gold

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 15, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    Global Markets The dwindling expectations that the Fed will be hiking US rates in 2015, coupled with a renewed risk-off environment following the soft China data on Wednesday, has resulted in gold surging to a three and a half month high. This precious metal has breached the 1170.0 resistance and attained a daily close above the firm 200 SMA. Due to elevated global economic uncertainties and ongoing confusion regarding central bank intentions, investors are hesitant to look towards currencies

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