Gold Extended A Nine-Day Rally And Hit A One-Month High On A Strong Technical - Dollar Advisory | Best Commodity Tips Provider

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Friday 29 December 2017

Gold Extended A Nine-Day Rally And Hit A One-Month High On A Strong Technical

Gold trading range for the day is 28832-29168.

Gold extended a nine-day rally and hit a one-month high on a strong technical outlook and a U.S. dollar at a four-week low.

Many investors predicted the dollar would get a boost from U.S. tax cuts, tighter central bank monetary policy and strong growth rates in 2017.

Gold benefited from a technically-driven momentum after closing above its 100-day moving average on Wednesday for the first time since late November.

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