Gold Gold Daily Video, October 24, 2023

Sive Morten

Special Consultant to the FPA
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18,441
Good morning,

Gold now stands in "win-win" situation. Middle East tensions have helped it to overcome raising yields and US dollar pressure - now yields are at monthly overbought and US dollar turns to retracement. It means that gold could show sideways consolidation instead of retracement, especially if PCE and GDP numbers will not too strong:

 
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