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Gold Rebounds From Three-Week Low After Sharp Selloff

From fxdailyreport.com

Gold futures eked out a tepid gain to kick off the trading week, rebounding from a three-week low, despite a surging US dollar. The yellow was battered last week, falling more than 2%. However, with growing expectations that the Federal Reserve will slash interest rates later this year, gold prices have rebounded and have enjoyed a year-to-date gain. But will gold retrace $1,900? April gold futures rose $2.60, or 0.14%, to $1,879.20 per ounce at 19:45 GMT on Monday on the COMEX division of the New York Mercantile Exchange. Gold is up 2.6% so far this year. Silver, the sister commodity to gold, is maintaining its ... (full story)

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  • Category: Fundamental Analysis