Gold declined sharply for the fourth straight day on Thursday and touched its lowest level since early March. Risks are very much to the downside in t
Gold fell below the $1,870 key technical support level, which leaves the door open for even more declines.
Continued firm US economic data and a surge in crude oil prices have made the Fed's hawkish narrative very credible, which could see the FOMC dot projections come true. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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