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Gold Technical Analysis - Watch out for economic data this week

Last week, the Fed hiked interest rates by 25 bps as expected leaving the policy statement unchanged. The market was eager to get some clues on the next policy moves but was disappointed as Fed Chair Powell just reaffirmed their data dependency and kept all the options on the table. The US Jobless Claims beat expectations once again and sent hawkish vibes across the markets eventually weighing on Gold. The following day though, the US PCE and the Employment Cost Index missed forecasts giving Gol... Read More

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Gold

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Watch

Economic

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Week

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Posted: Jul 31 2023, 09:37

Author Name: forexlive

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