The UK triggered the official Brexit process but gold and forex pair made limited movement yesterday. Gold has moved from 1247 to 1255 for many hours to wait for a break-out of the 1248-1257 to start a new trend.
The USD Dollar Index has gone up after the Euro committee made a correction to its momentary policy announcement yesterday and Fed official Eric Rosengren said there would be three more rate hikes this year. Gold has been traded around 1248-1251 zone for the entire today’s Asian and Euro trading sessions.
Gold trend is in consolidation to wait for U.S jobless and U.S GDP reports at 8:30 AM, the released number of these two economic reports will make a strong gold price movement to start a new trend in which the 1255-1257 is an important zone to watch up-trend.