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Our gold forecast signals are good for both forex gold spot market traders and as well as for the long term gold investors in commodities market.
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Gold markets rallied during the day on Thursday, showing real strength as we approached the $1250 level.
Gold prices ended Wednesday’s session up $1.11 as the American dollar weakened after the release of the minutes from the most recent Federal Open Market Committee meeting.
Gold prices ended a choppy trading session on the downside Tuesday.
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Gold prices ended slightly higher Monday but the trading range was relatively tight as the U.S. markets were closed for a public holiday.
Gold prices fell $4.14 on Friday, giving up most of the gains made in the previous session, and closed the week $1235.12 an ounce.
Gold prices ended Thursday’s session up $5.84, supported by a lower U.S. dollar index and a slide in U.S. equities.
Gold markets had an interesting session on Wednesday, as we initially were quite bearish, but then turned around to form a nice looking hammer.
Gold prices rose on Wednesday after choppy trading session.
Gold prices rose $7.87 on Monday as the majority of investors opted to remain on the sidelines ahead of Federal Reserve Chair Janet Yellen's congressional testimony.
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Gold markets initially fell during the session on Friday, but found enough support at the 100-day exponential moving average to turn things around and form a nice-looking hammer.
Gold ended the week up 0.96% at $1233.44 an ounce, helped by political uncertainties and a weakened case for a rapid course of U.S. interest rate increases.
Gold prices dropped $13.18 an ounce yesterday as the strength in the dollar and global equities sapped demand for the metal as an alternative investment.
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Sign up to get the latest market updates and free signals directly to your inbox.Gold prices rose $7.77 on Wednesday as anxiety over political and economic policy changes in the United States and Europe drove investors into safer assets.
Gold prices ended Monday’s session up $13.31, extending gains to a third straight session, as economic and political risk elements sent investors seeking shelter in safe havens.
Gold prices settled at $1219.35 an ounce on Friday, gaining 2.26% on the week, as the weakness in the U.S. dollar continued to lure buyers into the market.