By FX Empire.com
Gold prices rebounded on Friday amid rising hopes in markets that EU leaders will be able to craft a plan to ease the euro zone debt crisis, which weighed down on the U.S. dollar and sent gold prices higher as a result, where traders are hoping the EU summit will reveal an effective plan to support debt-laden countries in the euro zone area.
The outlook for gold remains generally to the upside, however, we still expect volatility to continue to dominate gold prices over the short term, and that could still weigh down on gold prices, but overall, our general outlook for gold prices remains to the upside. The focus in markets will remain onEuropeahead of next week’s EU Summit.
Read more daily and weekly Currency Fundamental Analysis here.
