Thursday, 22 October 2020

Gold Price Rise May Struggle to Continue as the US Dollar Rebounds

Gold prices rose as the US Dollar fell on bets that the Fed will be forced to boost stimulus absent coherent support from the fiscal side. Follow-through may be elusive however.

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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...