Gold is heading for its first monthly decline since May after falling victim to a stronger dollar on renewed speculation that the next US rate hike could be seen as soon as September. Sideways trading has been seen following the post-Brexit spike in June but once again a key technical area of support is being tested.
from Ole Hansen - Authored content https://www.tradingfloor.com/posts/gold-resilient-despite-strong-dollar-rate-hike-odds-8028906?utm_medium=tf4-feed&utm_source=extract
Gold resilient despite strong dollar rate hike odds
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