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Gold price faces pressure despite soft US PCE inflation, US Manufacturing PMI eyed

Gold price weakens after a bearish crossover by the 20-day and 200-day Exponential Moving Averages (EMAs). The precious metal sticks to the fresh six-month low near $1,840.00 and is expected to extend its downside journey towards the crucial support at $1,800.00. Momentum oscillators shift into a bearish trajectory, warranting more downside. Read Full Story at […] The post Gold price faces pressure despite soft US PCE inflation, US Manufacturing PMI eyed appeared first on ForexTV... Read More
Posted: Oct 2 2023, 10:29
Author Name: forextv
Views: 113038

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