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Gold futures ended the last trading week with a rise around the level of $ 1892 an ounce. The lowest price for gold was after raising the US interest rate to the level of $ 1851 an ounce.
The gold markets initially fell on Friday but then turned around to show signs of life.
Gold markets shot higher during the trading session on Thursday as we gapped higher to kick off the day, to continue what had started late on Wednesday.
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All global financial markets, without exception, are awaiting the most important event of this week, which is the announcement of the US Federal Reserve.
The gold markets fell a bit on Tuesday to dip below the 200-Day EMA.
Gold futures contracts are on track to achieve the worst performance for one session in two months, as they fall below $1900 with the start of this important week's trading.
Gold markets got crushed on Monday as we continue to see the US dollar act like a wrecking ball against everything it touches.
The sharp strength of the US dollar recently contributed a lot to activating the selling of the gold market with losses to the level of 1872 dollars an ounce during the last seven trading sessions.
Gold markets rallied significantly on Friday to show signs of strength.
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Gold markets initially fell on Thursday to break down below the crucial $1880 level.
Gold prices fell strongly towards the support level of $ 1881 an ounce, coinciding with a sharp rise in the price of the US dollar amid expectations of violent policy tightening by the Federal Reserve.
Gold markets broke down a bit on Wednesday as we threatened to take out the support underneath.
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Sign up to get the latest market updates and free signals directly to your inbox.For seven consecutive trading sessions, the price of gold has been sold off.
Strong gains for the US dollar from expectations of raising interest rates higher than previously expected contributed to the decline in the price of gold for six trading sessions in a row.
Gold markets got crushed on Monday to break through the 50-day EMA and then fell down to break below the $1900 level.