Tuesday, 19 May 2020

Gold Price Remains Afloat Following Fed Chairman Powell Testimony

The break above the November 2012 high ($1754) may keep the price of gold afloat as the Federal Reserve prepares to further expand its balance sheet.

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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...