Monday, 9 March 2020

Gold Price Pierces $1,700 But Pressured by Stock Market Rout

Gold prices leapt to a fresh high earlier today, but the precious metal has since receded amid a widespread stock market selloff and dash for cash. Where is spot gold (XAU/USD) headed next?

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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...