Wednesday, 17 February 2021

Gold Price Outlook - Slumping Into Important Support Levels as US Bond Yields Jump

The recent pick-up in US bond yields and the US dollar is hitting gold hard with XAU/USD now trading back below $1,800/oz. and looking set to move lower

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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...