Gold Moves Higher as Oil Feels the Pressure

<div><img width="750" height="430" src="https://assets.iorbex.com/blog/wp-content/uploads/2023/10/27085734/Market-Insights-20.png" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Gold Moves Higher as Oil Feels the Pressure" decoding="async" loading="lazy" srcset="https://assets.iorbex.com/blog/wp-content/uploads/2023/10/27085734/Market-Insights-20.png 750w, https://assets.iorbex.com/blog/wp-content/uploads/2023/10/27085734/Market-Insights-20-300×172.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></div><p>Gold held on for some positive ground for the third consecutive day as the $2,000 level is in sight.</p>
<p>As Oil prepares for another downswing, will the black gold begin to test the $80 handle?</p>
<p>With the Fed on course for another hike soon, will we see more unpredictability in the market?</p>
<p>&nbsp;</p>
<p>Timestamps</p>
<p>XAUUSD 01:10</p>
<p>WTI 02:50</p>
<p>The post <a rel="nofollow" href="https://www.orbex.com/blog/en/2023/10/gold-moves-higher-as-oil-feels-the-pressure">Gold Moves Higher as Oil Feels the Pressure</a> appeared first on <a rel="nofollow" href="https://orbex.com/blog/en">Orbex Forex Trading Blog</a>.</p>