Wednesday, 14 July 2021

Gold, Crude Oil Price Forecast: Technicals in Focus as Yield Drop Propels XAU

Gold is testing the critical 200-day SMA after an improved fundamental backdrop helped the yellow metal gain in July. Meanwhile, Crude oil is looking lower.

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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...