Gold Price: Outlook For The Week Of July 8th, 2018

New York (July 8)  Finally, the shots have started to be fired without realizing the after effect of this economic bombardment on each-other. Let us see resultant moves of the Gold futures during the week of July 8th, 2018 amid the relapse of this largest trade war in economic history.

Nonfarm payrolls rose by 213,000 in June, according to official data released on Friday. This data was higher than the consensus estimate for the creation of 200,000 jobs and above the 177,000 positions that the ADP report indicated on Thursday. But this seems to encourage FED to go for next interest rates hike, which forms tough resistance for the gold bulls. Amid the current geo-political moves, I’ve found the gold futures to remain under the utmost volatility. I expect the following trading zones for Gold futures for the week of July 8th, 2018.

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