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Price of Gold Fundamental Daily Forecast
March 12, 2020 | By Fxempire.com
business
Based on the early price action, gold could weaken further if the ECB decides to act aggressively and trim rates further. This move would drive the Euro lower and the dollar index higher. This would put further pressure on demand for dollar-denominated gold.
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Bearish Influences The rally in gold was short-lived because investors once again sold gold to raise cash to meet margin calls in the stock market. Gold is also being pressured by a stronger U.S. Dollar Index, which is being supported by a weaker Euro. The
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