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The gold could be boosted by lower interest rate outlook in US

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 27, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The gold could be underpinned for another day ahead of the FOMC meeting outcome today which is expected show increasing worries about the global economic slowdown to hint holding of the interest rate with no hike in the first quarter of this year, while the doubts about the US manufacturing sector ability to expand this harsh winter are rising. Yesterday auction of UST 2YR issuance could highlight this current lower prospects of watching higher interest rate in US, as it ended to 0.86% yield,

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