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Growth Forecast - Forex technical analysis and forecast: Majors, equities and commodities
Gold is currently in a consolidation phase around 2378.00. With a downward breakout, a corrective decline to 2306.66 is expected, followed by a rise to 2355.00 and a subsequent fall to 2266.00. With an upward breakout, the price might rise to 2400.00. After reaching this level, the price could decline to 2300.00.
IMF urges UK to curb rising debt
The IMF on Wednesday listed the UK in its Fiscal Monitor publication as one of four large economies that “critically need to take policy action to address fundamental imbalances between spending and revenues”.