Gold prices edged higher

Gold prices edged higher

Oct 20 2014

The Gold has offset its losses, amid the decline of the U.S Dollar, on growing speculations that the slowing global economic growth may affect the U.S economy, and may push the Federal Reserve to delay in raising its interest rates. And this decision will be considered as bullish for the Gold.

On the other hand, the investors in the Asian market are waiting for the release of the economic growth data in China, due tomorrow, and China is the top consumer of Gold in the world. So any negative data from Chinese economy may push the Gold down.

To know more about our analysis and currencies reaction, join our Forum Trader for FREE!!
For more info, please visit our website on:

MBCFX Forex & CFDs Brokerage Firm