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Gold falls to a fresh low for February
Gold is vulnerable to a break of the February lows as the US dollar rallies and risk trades sag.
The low on Feb 3 was $1861 and it's now trading at $1860 after putting in an outside day.
Notably, the reversal in gold started on Feb 2 with a similar, albeit larger, outside day that extended further the next day. Could we be setting up for something similar? The volatility in equities isn't a good sign but it may come down to economic data. Tomorrow we get the prelim UMich consumer... Read More
Posted: Feb 9 2023, 19:58
Author Name: forexlive
Views: 110121