Forex Trading Library

Gold Advances to $1800!

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Gold prices are set to rally toward the crucial resistance of $1,800.

October’s inflation figure is a negative factor for the dollar, as it discounts a less restrictive monetary policy by the Fed.

Meanwhile, a decline in the US dollar index has strengthened the gold’s rally.

All eyes will be on the next Fed meeting as investors look for the next signals.

Timestamps
XAUUSD 01:35
DXY 03:00

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