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Good morning, gold prices are trading steadily after hitting 8 week highs after U.S dollar took a double hit, one from president-elect Donald Trump and one from a sharp rebound on the British pound, In an article in the Wall Street Journal late Monday, Trump said the strength of the U.S. dollar against China's Yuan "is killing us". "What's really given an extra boost for gold is Trump's comments...and some risk aversion sentiments due to Brexit moves," said Jeffrey Halley, senior market analyst at brokerage OANDA in Singapore. Experts see gold going to $1220-$1230 from today to Friday while they set the next resistance at $1240. Despite this rally some analyst don’t think it will last more than two months as the Fed signaled for three rate hikes this year, "Once Trump takes office and there is some clarity, the focus will come back to the fact Fed is going to hike rates a number of times this year. That would reduce the appeal of gold as an asset," Halley said in a note to Reuters. Silver prices retreated after hitting one month high at $17.20, the metal fell by 0.04% on early trade. Crude prices rose slightly in Asia on Wednesday with investors looking ahead to U.S. inventory data and a monthly OPEC report. light, sweet crude futures rose 0.11% to $52.54 while Brent crude gained 0.13% to $55.56. Estimates on U.S. crude and refined product stocks and official data from the U.S Department of Energy will be released a day later this week because of a public holiday in the U.S. on Monday. {Gold prices succeeded to confirm the breach of $1211 level on the continuation of the bullish trend, we don’t expect too much of a drop this week and the week after as the uncertainty rises on Trump’s policies, but traders will get the opportunity to react on reports from UK and U.S specially consumer inflation (CPI) and an important speech from Fed chair Yellen, the overall trend is bullish with a range of $1205-$1225} #gold #goldprice #goldpricetoday #goldstandard #silver #markets #finance #economy #trading #investment #oil #forextrader #forex #fx #bahrain #Gcc #saudiarabia #uae #dubai #kuwait #qatar #oman #usa #nyse #london #wallstreet #goldtrading #bullish #bearish #infinityforinvestments

51 Minutes ago

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Comment from Max:

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1 Hours ago

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Comment from The LaserLab Stellies:

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2 Hours ago

Comment from Higher 1 Extracts:

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3 Hours ago

Comment from FC NOVA - Idaho:

5 Hours ago

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6 Hours ago

Comment from Aaron Henriques:

6 Hours ago