ENJOY BEFORE RATE HIKE GOLD SILVER 100% SURE SHORT BUY CALL. Gold price rose further on Friday and hit the highest since mid-June, after relatively benign US inflation data (PCE) added to expectations for Fed rate cut in September and opened prospects for probably one more cut by the end of the year.
Fresh political turbulence over President Trump’s attempts to fire Fed Governor Cook also contributed to increased safe-haven demand.
The yellow metal is on track for the second consecutive weekly gain and for the biggest monthly advance since April, which also generates an initial bullish continuation signal after the price action in past three months was in extended consolidation under new record high, shaped in a triple long-legged monthly Doji candles.
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Gold MCX 28186 to 28429
Silver MCX 36835 to 37548
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