Saturday, 16 May 2020

Gold Prices Yearn for Momentum, Will XAU/USD Rally Fizzle or Takeoff?

Gold prices seem torn between the US Dollar and Treasury yields. Upside momentum has been somewhat lackluster since mid-April, will XAU/USD find some meaningful traction ahead?

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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...