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3 Numbers: Is gold poised for an upside breakout?
The week begins with a light schedule for economic releases. Let’s fill the vacuum by focusing on three markets that will be under close scrutiny this week. The recent rally in gold has inspired some analysts to roll out bullish forecasts for the metal. The policy sensitive two-year Treasury yield will be under close scrutiny ahead of Wednesday’s Fed announcement. Meanwhile, forex traders will be monitoring GBPUSD this week as pressure rises on UK Prime Minister Theresa May to resign. Gold: The market’s been driving gold prices higher this year, marking a reversal from the sharp downturn in late 2016. Although ... (full story)
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