The Traderszone Network

Published in TZ Latest News 1 May, 2015 by The TZ Newswire Staff

Gold eyes first weekly gain in four, soft dollar aids

Gold steadied on Friday after a sharp nearly 2 percent drop in the prior session, while a softer dollar kept bullion prices on track for their first weekly rise in four. The dollar index is currently mired near a more than two-month low and is set to post its biggest weekly drop since late March amid uncertainty on the timing of a rate hike by the U.S. Federal Reserve. “There is definitely some debate around when the FOMC will move.

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