On the back of fresh data via the PMI flashes out of the EU and UK, which showed that both economies are in contractionary territory, the EUR/USD and GBP/USD are trading lower on the day. As a result, the strength of the US Dollar continues, and therefore, is leading to a weaker price in Gold. […]
The post Gold Falls Below $1650 as US Dollar Soars appeared first on Action Forex.
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