Wednesday, 7 July 2021

Gold Price Forecast: Delta Variant a Possible Tailwind for XAU/USD?

The quickly-spreading Delta Covid variant poses a potential headwind for the economic rebound narrative. That bodes well for gold prices as it may temper Fed rate hike bets.

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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...