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Gold Daily Fundamental Analysis for September 12, 2011

posted by Avatar FXEmpire 646 days ago in Fundamental, Daily, Gold

Gold prices came under pressure on Friday due to the U.S. dollar strength, where traders were concerned whether the U.S. Congress would pass Obama’s jobs stimulus plan, while rumors spread that an ECB member will step down after a conflict over the ECB’s bond-buying program.

We still preserve our bullish outlook for gold prices, where traders are
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