Buz Investors XAUUSD Gold Prices Higher Gold prices edged higher on Monday’s session, marking its strongest level in two months as investors are closely watching on the most anticipated speech by British Prime Minister Theresa May and the inauguration of the U.S. President-elect Donald Trump later this week.
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$XAUUSD Gold Prices Higher, All Eyes on Yellen

Gold Prices Higher, All Eyes on Yellen

Gold

  • Buz Investors XAUUSD Gold Prices Higher   iGold is trading at $1203.50 per ounce at 10:40 GMT this morning, marginally lower from the New York close.
  • This morning, the precious metal traded at a high of $1206.40 per ounce and a low of $1197.10 per ounce. Yesterday, gold traded 0.66% lower in the New York session and closed at $1203.70 per ounce, after the Fed Chair, Janet Yellen, signaled that the central bank is poised to follow a steady-path of interest rate hikes this year.
  • Immediate downside, the first support level is seen at $1194.97 per ounce, while on the upside, the first resistance level is at $1214.17 per ounce.




XAUUSD Gold Prices Higher 

Buz Investors XAUUSD Gold Prices Higher iGold is trading at $1203.50 per ounce at 10:40 GMT this morning, marginally lower from the New York close. This morning, the precious metal traded at a high of $1206.40 per ounce and a low of $1197.10 per ounce.

XAUUSD Gold Prices Higher  Gold charges had been better on Wednesday’s near as market players have been intently watching at the inaugural speech by way of President-choose Donald Trump, along with Fed Chair Janet Yellen’s remarks in the direction of monetary regulations.

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at the Comex department of the big apple Mercantile exchange, gold for February delivery won around zero.11% and stood at $1,214.15 a troy ounce. Gold prices endured stronger, with seven consecutive

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XAUUSD Gold Prices Higher

profits on Tuesday, marking its longest profits given that November. It changed into led by way of a weaker U.S. dollar amid persistent uncertainty over Trump’s monetary guidelines.

based at the reports, the dollar declined to a five-week low towards most important friends after the U.S. dollar changed into warned via Trump as “too sturdy.” seemingly, Trump’s financial advisor Anthony Scaramucci reaffirmed that sentiment on Tuesday, citing warnings over the chance of a resilient dollar.

Trump has additionally tagged the border adjustment provision, a feature of the residence Republican’s plan that might location taxes on imports and exempt exports as “too complicated.”

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Richard Dambrosi (JADTECNIC) Has Been Sharing FOREX INVESTORS ANALYSIS FORECAST since 2011. Editors and Founder of InvestorsBuz.com, has a passion for Forex Social Sharing analysis and Market Trends Such as Self Driving Cars, Electric Cars, Medical Marijuana, 3d printing and Cloud computing, Refers to Readers as BUZ INVESTORS.

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