Gold is trading flat around USD1328 with the possibility of moving in a bullish correction to hit one of these levels-resistance: USD1347 or USD1354 or USD1363 (maximum).
It seems the precious metal brush away from issues of failed coup attempt of Turkey and the terrorist attack in Nice, France. Instead of these two horrific events, sell gold was likely to be doing consecutive stock rises in the past few days. The uncertainty of the global financial market was dismounted due to issue briksit korrintli back down, sparking new investor risk sentiment in the stock market.
On the other hand, the next FOMC meeting will be held on July 27. Ahead of the event, and the likelihood of high rate (as monitored by the Fed Fund futures CME) currently shown by 2.4 per cent, while the number in September revealed 14 per cent. Figures on the potential rise in November rose by 15 per cent, and in December his highest rate for everyone and sitting on 38 per cent.
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