Gold continues to rise after the release of negative US data and ahead of Fed Minutes

Gold continues to rise after the release of negative US data and ahead of Fed Minutes

Gold continues to rise after the release of negative US data and ahead of Fed Minutes

Gold prices continued to rise during the daylight hours to make gains by more than 0.76% where gold was able to touch the level of $ 1214.40 an ounce and comes because of the release of negative data from the US side and the price index in the most important economic sectors, which came down more than expected.

But experts point unanimous that gold may find very strong resistance at levels close to $ 1220, as tomorrow also issued US private sector employment report is expected to produce the outcome is much higher than the current level, which will come with support for the US dollar, according to their expectations, as well as the Fed Meeting Minutes could raise the value of the dollar with the announcement of a date to move interest rates and that will not be disappointing as it may make it back to the level of $ 1175 per ounce.

Gold continues to rise after the release of negative US data and ahead of Fed Minutes

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