Tuesday, 3 March 2020

XAU/USD: Gold Glistens as FOMC Cuts Rates to Combat Coronavirus

Spot gold (XAU/USD) is skyrocketing on the back of an emergency FOMC interest rate cut, but can gold prices continue climbing amid Fed capitulation in response to the novel coronavirus outbreak?

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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...