Gold Forecast and Technical Analysis 25-29 September

Gold Forecast Fundamentals:

After dropping below $1,300 an ounce this week, gold is looking to remain under pressure, as the more aggressive U.S. Federal Reserve holds the Gold back.

On Friday, gold managed to recover somewhat from its post-FOMC drop, rising on additional safe-haven demand triggered by new North Korea threats of testing a hydrogen bomb over the Pacific Ocean. The country’s leader Kim Jong-Un also referred to President Donald Trump as a “mentally deranged U.S. dotard.” December Comex gold ended the week at $1,296.



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