Gold Monthly Technical Analysis for August 2014 Nearby Comex Gold futures closed lower for July and near the low of the month, suggesting more selling pressure may be coming in August. The short-term view shows a market that is very sensitive to U.S. economic data and not too much to geopolitical events. With the improving U.S. economy slowly moving the Fed towards an interest rate hike in 2015, some of the uncertainty that has been supportive for gold has been lifted. ...
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