Gold Consolidates After Friday’s 3.2% Drop, Sparked by Hawkish Comments from Fed Warsh

Gold remains at the back foot on Monday, but bears found temporary footstep at $4400 zone (Fibo 38.2% of $3942/$4697 recovery leg / 20DMA) and consolidate after Friday’s 3.2% fall (the biggest one-day loss since June 10). Gold was deflated by hawkish comments from Fed Chair Warsh in Jackson Hole symposium which boosted expectations for […] The post Gold Consolidates After Friday’s 3.2% Drop, Sparked by Hawkish Comments from Fed Warsh appeared first on ActionForex.