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Technical Selling and Renewed Risk-On Market Sentiment Pressure Gold Prices – 03/26/2019

Writer's picture: Fahad HFahad H

Considering that because the starting of March when gold futures have been buying and selling at a low $1280 per ounce, gold has gained some actual distance in worth throughout the month. Even with as we speak’s modest decline, gold futures foundation probably the most energetic April contract is buying and selling at $1315.70. Today’s decline will be barely attributed to promoting by market contributors, nevertheless nearly all of as we speak’s $6.70 decline is instantly attributed to greenback power because it pertains to bodily gold. As of three:45 PM Eastern commonplace time spot gold is at present fastened at $1315.50. According to the KGX, (Kitco gold index) as we speak’s decline… Read extra https://thegoldforecast.com/video/technical-selling-and-renewed-risk-market-sentiment-pressure-gold-prices

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