Tuesday, 18 May 2021

Gold Prices Test Key Chart Resistance on Weaker Dollar, FOMC Minutes Eyed

Gold prices are challenging a key resistance level at $1,875 and may be facing some selling pressure. A weaker US Dollar and rising inflation expectations are lending support to bullion prices.

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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...