Tuesday, 21 July 2020

Gold Rally Outpaced by Silver While Net Long USD Exposure Persists

The price of gold trades to a fresh 2020 high ($1866) as the crowding behavior in the US Dollar persists, while silver trades 25% higher from the start of the year.

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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...