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GOLD Forecast and Technical Analysis October 10th

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This article is published in collaboration with Scutify, where you can find real-time markets and stock commentary from Robert Marcin, Cody Willard and others. Download the Scutify iOS App, the Scutify Android App or visit Scutify.com.

GOLD Forecast and Technical Analysis October 10th

Fundamentals:

Gold prices gained in Asia on Tuesday with physical demand from India during the festival season and the other top importer China as markets gear up after a week-long holiday last week.

XAUUSD Gold Price rose 0.31% to $1,289.05 1290 USD.

Overnight, gold prices rose on Monday supported by a dip in the dollar as an uptick in geopolitical uncertainty increased demand for safe-haven gold but growing expectations that the Federal Reserve will hikes rates for the third time this year capped gains.

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This article was written by Emre Tutucu for http://www.fxters.com/gold-forecast-technical-analysis-october-10th/ on .

This article published in collaboration with Scutify, the best app for traders and investors. Download the Scutify iOS App, the Scutify Android App or visit Scutify.com.

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