10 December, 2017

The biggest weekly fall in gold since July


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The biggest weekly fall in gold since July

Boolean Bulletin - Mayur Mehta
Due to the anticipated increase in the interest-rate by the Fed next week and the approval of the tax reform bill, the dollar has improved after the expected anticipation of corporate tax reduction in a week. In anticipation of the increase in gold prices in anticipation that the UK and European Union will have support for the Euro and pounds for the next one year after the agreement to implement the exchange of execution has been increased. Global analysts are forecasting to be $ 1236, due to the global gold market falling to $ 1247.71 on Thursday.
Signal of Economic Indicator
China's exports were 12.3 percent in November, the highest ever in the past 8 months. Exports grew by 6.9 percent in the previous month and analysts' expectations were to increase by 5 percent, while China's imports increased 17.7 percent in November, up 17.2 percent in the previous month, and analysts expect an increase of 11.3 percent. Thus, the export and import analysts of China increased in November. The third quartet of Japan reached a growth rate of 0.6 percent, which was 0.3 percent in the preliminary estimate. Japan's growth in the second quarter was 0.7 percent. Jupan's Growthrath is increasing steadily from the last 7 quarters. Unemployment benefit data decreases for the third consecutive week during the last week in the United States. Currently, unemployment benefit data reaches below the level of October 2016. Lef data in the United States increased by 17.5% in November, the highest in seven months. The US Dollar is reinforcing the momentum as the US database is coming in a constant stroke and gold is falling.
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