Gold hits a one-month low

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The gold struggles continue

Gold is flirting with the August 21 low of $1843 as selling picks up after the FOMC decision. The US dollar is broadly stronger on what was seen as a hawkish signal from Powell, saying the plan is to maintain the course and watch the data. That could mean as many as four hikes in 2019.

Gold has been attempting to carve out a low since touching $1160 in August but this is a setback. A break lower would put the late-2017 low of $1122 into focus.




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