Sunday, 9 May 2021

Gold Prices at 3-Month High amid USD Weakness after Big NFP Miss

Gold prices surged to a 3-month high as the DXY US Dollar index fell to a 10-week low. April’s nonfarm payrolls report came far below market expectations, cooling fears about tapering Fed stimulus.

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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...