Monday, 24 May 2021

Gold Price Outlook: XAU/USD Struggles as Bitcoin Rises, Eyes on Fedspeak Ahead

Gold prices struggled capitalizing on a weaker US Dollar and Treasury yields as Bitcoin rallied the most in about 2 weeks. Will dovish Fedspeak rekindle the yellow metal’s momentum?

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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...