Thursday, 7 January 2021

Gold Price Outlook - XAUUSD Remains Under Pressure, Bond Yields Rise

Gold slumped $60/oz. yesterday, creating a bearish engulfing candle after the Democrats won the two Georgia run-off elections. Today’s price action remains weak.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

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