Tuesday, 5 May 2020

Gold Price Struggles as Risk Assets Begin to Shine, Trading Range Tightens

The price of gold is back under $1,700/oz. as markets switch their attention to riskier asset classes. A bid for gold however remains as central banks keep pumping cash into the system.

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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...