AUD/USD drops due to Trump’s tariff rhetoric

The Australian dollar posted losses of over 0.40% against the US Dollar, and the latter remains supported by US President-elect Donald Trump’s tariff threats. At the time of writing, the AUD/USD trades at 0.6204 after bouncing off daily lows of 0.6187.

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Gold Futures

Gold Price Forecast Report November 27, 2017, Tech Analysis

Gold Silver Reports — Gold Price Forecast Report November 27, 2017, Tech Analysis – Gold markets went sideways over the course of the session on Friday, which is becoming a familiar theme. However, when you look at the longer-term charts it looks as if we are trying to form some type of base to the market, and that we could eventually go looking towards the $1300 level for a breakout. Move above that level should send this market looking towards the $1325 level next, which has been resistance in the past.

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Gold Under Stress Following Upbeat US Consumer Confidence Data

Gold Silver Reports — Gold slipped from its one month high as positive undertone in equities and sound US economic data pulled the metal lower. COMEX Gold is currently quoting down 0.48% at $1253 per ounce. MCX Gold futures are also down 0.60% at Rs 28675 per 10 grams. US stocks moved mostly higher over the course of the trading session on Tuesday. With the upward move on the day, the Dow managed to end an eight-session losing streak.

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