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Economic news: gold
Recorded a decline of gold prices on Tuesday and came back as a result of the optimistic outlook for the U.S. economy from the metal's appeal as a safe haven, while the recovery in the stock market encouraged investors to sell gold.
Gold prices fell in online transactions by 0.3% to the price of $ 1655.35 ounce to an ounce after three consecutive sessions of gains, while the U.S. gold futures slid 0.7% to the price of ounce to 1655.50 dollars.
The price of silver in online transactions 2.8% to 32.3 dollars per ounce, after prices rose for three consecutive sessions as well, but not to penetrate the resistance level at $ 33, and declining price of platinum 0.15% to 1671.99 dollars an ounce, while fell palladium 0.35% registered 699.50 dollars
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is there anyway this can affect EUR/USD? and in what direction?Because thats basically what I trade. Thanks for your analysis.
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