Gold Rebounds as Traders Bet on U.S. Rate hike Delay

Gold reached it’s highest point in 3 months this week as prices rose $1,168.80/oz. Despite the fact that this was a strong week for Gold, the price has gone down quite a bit over the course of the year.
It has taken federal reserve longer than expected.

Gold Forecast: Returns Of 5.62% In 1 Year

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Commodities Forecast Based On Artificial Intelligence: Up to 30.71% ROI In 7 Days

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Gold Outlook: Returns of 0.95% in one week

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Gold Price Predictions Based On Artificial Intelligence: Returns Of 1.90% In 7 Days

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Gold News: Gold Set For Biggest Quarterly Drop Since Q3 2014

Both Gold’s and Platinum’s value continue to fall

Gold Price Predictions: Average Return of 2.15% In 7 Days

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Gold Prediction: Average Return Of 1.18% In 7 Days

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Gold Forecast: Up To 50.38% In 1 Year

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Commodities Forecast: Up to 11.47% In 14 Days

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Gold News: The FED Uncertainty Puts Pressure On Gold Price

On Friday, US reported payrolls data which was expected to provide more information about the timing of the FED interest rate’s rise. Nevertheless, the uncertainty remains and gold price suffers from this uncertainty. Gold reached a 2-1/2-week low on Monday.

Gold Price Trend: Up To 51.38% In 1 Year

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Commodities Outlook: Up to 20.16% In 7 Days

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Gold Predictions Based On Algorithms: Up To 4.28% In 1 Month

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Commodities Forecast Based On Machine Learning: Up to 21.41% In 3 Days

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Commodity News: Gold And Oil On The Rise

The Federal Reserve signaled the possibility of more monetary stimulus, boosting bullion’s appeal as a hedge against possible inflation, in turn resulting in Gold futures rising for the first time this week.

Commodities Forecast Based On Artificial Intelligence: Up to 56.37% In 3 Months

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Gold News: Potential Interest Rate Hike Strengthens Gold Price

Besides the impact of the Yuan devaluation, the Federal meeting has also played a key role on the gold climbs. Gold have reached its 5 weeks higher level recovering from its lower value on July 5th.

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