Saturday, 8 February 2020

Gold Prices Biased Higher with Powell Testimony, US CPI Eyed

Gold prices have found support as assorted would-be headwinds pin down global interest rates. Surprise risk seems to tilt in favor of higher versus lower prices.

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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...