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Reacting to Nvidia’s Sales Leap while Awaiting U.S. Employment Situation Report and Japanese Fiscal Stimulus – Currency Thoughts
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BySilas WChina trade tensions, the Middle East, and US fiscal uncertainty have pushed gold towards $4,050. The Federal Reserve’s two more rate cuts and limited US economic releases further enhanced the safe-haven demand. The markets will likely be low-volume today, but traders will closely monitor FOMC Paulson’s speech for further direction. The gold forecast remains bullish,…

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