Wednesday, 19 May 2021

Gold Price Forecast: Bitcoin Weakness Fueling XAU/USD Strength?

Gold is trending higher despite the FOMC-induced pickup in Treasury yields. Moreover, speculation continues to brew that Bitcoin weakness may be bolstering the yellow metal.

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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...