Wednesday, 14 July 2021

Gold Price Pops 1% as Real Yields Tumble to Five-Month Low

Gold bulls propelled XAU/USD price action 1% higher on Wednesday with the precious metals rise mirroring the sharp decline in ten-year real yields to their lowest level since mid-February.

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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...