Thursday, 6 August 2020

Gold Price Surge May Be Losing Steam, US Fiscal Stimulus Eyed

Gold prices may backtrack after hitting a record high as technical positioning hints bullish momentum is ebbing. US fiscal stimulus negotiations are in the spotlight.

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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...