#AAresearchFX #XAUUSD INVERSE CORRELATION TO #DXY
FUNDAMENTAL ANALYSIS:
The Fed leaving interest rate unchanged set the tone for possible rate cut in coming months.
The Fed is expected to cut interest rate at least two times by end of 2019.
Gold trends upward which in effect negates the value of the US dollar.
Gold uptrend is as a result of investors choice to consider the precious metal as a safe haven to store wealth
The Fed leaving interest rate unchanged set the tone for possible rate cut in coming months.
The Fed is expected to cut interest rate at least two times by end of 2019.
Gold trends upward which in effect negates the value of the US dollar.
Gold uptrend is as a result of investors choice to consider the precious metal as a safe haven to store wealth
