Thursday, 17 June 2021

Gold Price to Recover if Fed Rate Hike Risk & USD Strength Ebb

Gold price action has plunged over -5% so far this week. Can XAU/USD stage a rebound or will the hawkish Fed dot plot and corresponding US Dollar strength continue to weigh on the precious 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...