Wednesday, 9 December 2020

Gold Prices May Struggle Despite Chart Break if US Yields Rise

Gold prices edged past chart resistance, seemingly opening the door for a rise back above the $1900/oz figure. Upside progress may be difficult if bond yields rise 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...