Wednesday, 7 October 2020

Gold Price Trend Favors Downside, Crude Oil Eyeing OPEC Report Next

Gold prices gained as the US Dollar fell on rising stimulus hopes, but the XAU/USD technical outlook favors the downside. Crude oil prices are eyeing the OPEC World Outlook report.

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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...