A Top US Investment Bank says Gold is now on its way to $3,000 after Hedge Funds load up on Bullish Gold bets
Join me in today's video as I breakdown the main drivers behind a $3,000 Gold price in the near future and also highlight 3 of the best fundamentally undervalued Gold stocks with huge upside potential!
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EUR/USD stays below 1.1100, looks to post weekly losses
EUR/USD continues to trade in a narrow range below 1.1100 and remains on track to end the week in negative territory. Earlier in the day, monthly PCE inflation data from the US came in line with the market expectation, failing to trigger a reaction.
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GBP/USD struggles to find a foothold, trades near 1.3150
GBP/USD stays on the back foot and trades in negative territory at around 1.3150 on Friday. The US Dollar holds its ground following the July PCE inflation data and doesn't allow the pair to stage a rebound heading into the weekend.
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Gold retreats toward $2,500 ahead of the weekend
Gold stays under modest bearish pressure and declines toward $2,500 in the American session on Friday. The 10-year US Treasury bond yield edges higher toward 3.9% after US PCE inflation data, causing XAU/USD to stretch lower.
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Week ahead – Investors brace for NFP amid Fed rate cut speculation
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