Forex Trading Library

Gold Pressured by Fed Testimony!

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Gold reached its lowest level this week as Jerome Powell reiterated his willingness to raise rates at a faster pace.

Given that the latest economic data came in stronger than expected, there is room for more aggression.

With gold dropping and the Dollar jumping, all eyes will be on this week’s NFP numbers to see the next course of action from the Fed.

Timestamps
XAUUSD 01:45
EURUSD 03:05

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