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> Gold Appreciated to $1200 per Troy Ounce Following a Weaker U.S. Dollar
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Gold Appreciated to $1200 per Troy Ounce Following a Weaker U.S. Dollar

Exclusive Capital Ltd.

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Gold appreciated to $1200 per troy ounce today following a weaker U.S. Dollar. The Fed's meeting beginning today is an important factor for Gold. Some Fed representatives raised the possibility for further rate hikes meaning more pressure on Gold. In contrast, markets are looking forward to the key interest rate considered at neutral level after gold's recovery aiming for short covering. Major support is found at 1175 and the resistance at the 1236-1240.

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Source: https://www.exclusivecapital.com/gold-september-25-2018-weekly-analysis/
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