Gold Prices Look Weak As Prices Should Reverse Its Gains - Dollar Advisory | Best Commodity Tips Provider

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Thursday 21 September 2017

Gold Prices Look Weak As Prices Should Reverse Its Gains

Gold trading range for the day is 29632-29870.

Gold prices look weak as prices should reverse its gains as the Fed kept alive hopes of a third rate increase this year.

Fed indicated it still plans to raise interest rates once more by the end of this year, but it also signaled that its cycle of rate hikes might end sooner than planned.

The amount of reductions will gradually rise over the course of the following year to maximums of $30 billion per month for treasuries and $20 billion per month.

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