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Gold Reduce Losses Of Post Comments Dovish FOMC Members

Gold trading reduce pelemahannya on Monday after a member of the Federal Open Market Committee (FOMC), which is known for dovish u.s. central bank stressed the importance of maintaining the accommodating monetary policies to protect the economy from low-growth, low-inflation economic burden in Europe and Japan.

A speech by FOMC Member Lael Brainard is becoming the last speech of a member of the Fed with the start of the week-period of calm on Tuesday ahead of next week's FOMC monetary meetings.

The lack of information from the central bank makes the next market will be looking for hints from some u.s. economic indicators, including industrial production data and the Consumer Price Index (CPI) to be released this week.

The price of gold ended at the level $ 1327.15 per ounce in Monday trading on troi (13/9) or down $ 1.95 per ounce troi compared to the closing price of the previous session. A bearish bias in the short term with the nearest support at the range while the nearest resistant 1323 in 1332 level. (YS)

This post first appeared on Forex Today, please read the originial post: here

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Gold Reduce Losses Of Post Comments Dovish FOMC Members


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