FED Clarida wants faster tapering - stronger dollar weakens gold

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FED member Richard Clarida is of the opinion that in December the central bank should consider accelerating the pace of the tapering process. At the same time, it speaks of high inflationary risk and improving labor market data. The dollar clearly appreciates after these words. Gold in retreat!

Gold retreats below $ 1,850. The price is currently testing the 23.6 retracement of the last upward impulse. Source: xStation5

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