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Gold Technical Analysis - The war in Israel leads to safe haven bids

Last Friday, the NFP report crushed even the highest estimates showing that the labour market remains pretty solid. Gold initially dipped as the odds for another rate hike rose but given the lower average hourly earnings and the unchanged unemployment rate, the market reversed the move and Gold rallied. Today, Gold opened higher as over the weekend Hamas launched a massive attack against Israel leading to the latter declaring war and invoking “Article 40 Aleph” for the first time since 1973. Gol... Read More

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Content Topics

Gold

Technical

Analysis

Israel

Leads

Safe

Haven

Bids

Forex

Posted: Oct 9 2023, 08:39

Author Name: forexlive

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