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December 18, 2018 10:55 AM
By: AnalysisWatch
Through the early European session on Tuesday, the Gold is trading flat early of the day after an attempt to breakout over yesterday’s high failed to attract enough buyers to extend the rally.
The Gold market continues to be influenced by a weaker US Dollar. A falling US Dollar in its price tends to increase foreign demand for dollar-denominated gold. Meanwhile, lower treasury yields and aggressive position-squaring ahead of the Fed’s interest rate and monetary policy decisions on Wednesday are also contributing to the market’s strength.
December 18, 2018 10:55 AM
By: AnalysisWatch
Through the early European session on Tuesday, the Gold is trading flat early of the day after an attempt to breakout over yesterday’s high failed to attract enough buyers to extend the rally.
The Gold market continues to be influenced by a weaker US Dollar. A falling US Dollar in its price tends to increase foreign demand for dollar-denominated gold. Meanwhile, lower treasury yields and aggressive position-squaring ahead of the Fed’s interest rate and monetary policy decisions on Wednesday are also contributing to the market’s strength.