Friday, 10 May 2019

Gold Price Outlook: Key Resistance Limits Rise, Risk Aversion May Spark Breakout

Gold prices are on course to post a weekly gain (+0.4%) as rising trade war tensions between the US and China spur safe-haven flows. Critical resistance however, has capped further gains.


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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...