Gold fell to 3,909 USD per ounce on Friday, its lowest level in almost a year. The metal is under pressure from fears of persistent US inflation and expectations of further interest rate hikes. The market’s focus now shifts to the US Producer Price Index (PPI) for October. Geopolitical tensions are once again feeding into […]
The post Gold Sinks: Where Does Such Strong Pressure on Precious Metals Come From? appeared first on ActionForex.
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Intraday bias in EUR/USD remains on the downside at this point. Current decline should target 1.0904 fibonacci level. For now, risk will stay on the downside as long as 1.1272 resistance holds, in case of Read more…