Gold prices fall as US Dollar gains strength on Wednesday

Source: WBP Online
© FP
Bullion broke support at $1,256, as it is its moving average of 200-days in a four hour frame, and might move lower than $1,230. Gold decreased 1.5% on Wednesday, as the Greenback gained strength after the Fed committee's minutes gave a big boost for the Buck. The Federal Reserve returned to hawkish rhetoric, which increased rate hike possibility in June.
Back to articles

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.