Gold Price Forecast: Bears keeping the breakout attempts in check

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Gold Price Forecast: Bears keeping the breakout attempts in check
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Gold Price Forecast: Bears keeping the breakout attempts in check By ross_burland Gold Commodities DollarIndex ECB Fed

Looking ahead to the week, there could be more in the pipeline from the euro given the European Central Bank meeting. As a consequence, the US dollar could be driven on ECB related flows that would likely transpire into a driver for the gold price as well.

On the other side of the Atlantic, the narrative is highly hawkish surrounding the Federal Reserve, yet the price of gold remains stuck in a stubborn. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.

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