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.
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