Saturday, 22 May 2021

Gold Price Outlook: XAU Strength Likely to Continue on Dovish Fed, PCE in Focus

Gold strength may continue in the near term as the Fed stands firm on their transient inflation outlook. Nevertheless, hotter-than-expected PCE figures on Friday pose a potential headwind to XAU/USD.

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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...