Title: Is the Gold Correction Over?
Post by: PocketOption on Oct 10, 2022, 01:32 pm
Post by: PocketOption on Oct 10, 2022, 01:32 pm
Is the Gold Correction Over?
Source: Is the Gold Correction Over? (https://www.orbex.com/blog/en/2022/10/is-the-gold-correction-over)
US NFP data has given a green signal to the Fed to continue hiking interest rates.
This has given the yellow metal as a significant blow in the fight to remain above $1700.
Going forward, the release of the CPI data and FOMC minutes this week should move the Dollar, but how much will remain to be seen.
Timestamps
XAUUSD 01:35
USOIL 03:10
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Source: Is the Gold Correction Over? (https://www.orbex.com/blog/en/2022/10/is-the-gold-correction-over)