Gold needs Fed confirmation to rise
Gold prices fell to $1633 by the beginning of this month, which was similar to the lows seen in September and October. However, gold prices have since increased by around 1% and have risen above $1650. A comparable buying spree occurred the month before, and such buying behaviour seems to point to an uptrend reversal. Still, given the current situation, it’s best to wait until the price goes over $1700, which will…