By FX Empire.com
Gold prices fell on Thursday, as pessimism returned to markets after JPMorgan Chase showed profits slowed during the third quarter of this year, and traders were also cautious ahead of a bond auction in Italy, which boosted demand for lower yielding assets including the U.S. dollar, and accordingly, gold prices came under pressure amid the dollar’s strength.
The outlook for gold remains generally to the upside, however, we still expect volatility to continue to dominate gold prices, and that could still weigh down on gold prices, but overall, our general outlook for gold prices remains to the upside.
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