OTCPK:DRLDF - Post by User
Comment by
TarquinBenson1on Dec 01, 2016 12:11am
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Post# 25538238
RE:Gold Submitting to a Rising U.S. Dollar!!
RE:Gold Submitting to a Rising U.S. Dollar!!Gold prices have rebound from this morning’s low of $1,180.70, after the US Dollar initially rallied on better than expected GDP figures. US GDP (Annualized) was expected at 3.0%, but released at an actual 3.2%. If the US Dollar continues to retreat, this may signal a shift in momentum for commodities prices such as Gold. Traders should next be looking towards Friday NFP employment figures to better gauge the overall fundamental strength or weakness of the US Dollar.