Gold Price Outlook - Looking to Build the Next Leg Higher?
The precious metal tested and rejected a multi-month level of resistance but looks to make a fresh attempt in the coming days.
Source: dailyfx.com
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The precious metal tested and rejected a multi-month level of resistance but looks to make a fresh attempt in the coming days.
Fed chair Jerome Powell yesterday indicated that the Fed is set to reduce the size of future rate hikes although he reiterated that rates may need to be held higher for longer.
Financial markets are pulling back most of the post-FOMC sell-off with risk markets back in favor. The US dollar remains bid ahead of today’s US Q4 GDP release.