drewbyfx

GOLD TRADING ABOVE 1540/OZ

OANDA:XAUUSD   Gold Spot / U.S. Dollar
After a bullish week 2 weeks ago for gold we saw some consolidation. The market looks like it is starting to make its next move. Everywhere you look throughout the US news you see the fear of a recession. And of course as people become scared of an American economic recession commodities start to trade higher for the most part, especially gold. Keep your eye on this commodity as the last parts of this year and beginning of next approaches.
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