Gold edged lower from new record high ($2670) early Wednesday, taking a breather after advancing 1.10% on Tuesday, lifted by weaker dollar on expectations that the Fed may continue with stronger rate cuts. People’s Bank of China decision to cut rates, prompted Chinese investors into safe haven, adding support to metal’s price. Strongly overbought daily […]
The post Gold Outlook: Bulls Take a Breather, Dips Likely to Be Shallow and Find Ground Above Key 2,600 Support appeared first on Action Forex.
