FXtremist

Gold Price Leap Imminent

Long
FXtremist Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
The Federal Reserve slashed interest rates by half a percentage point in the first such emergency move since the 2008 financial crisis, amid mounting concern that the coronavirus outbreak threatens to stall the record U.S. economic expansion.

This will weaken the Dollar and investor interest towards Money Markets will decrease. Thus Safe Haven mode activated.
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