Wednesday, 4 August 2021

Gold Price Outlook: XAU Stumbles on Fed-Induced US Dollar Strength, NFPs Eyed

Gold prices fell after the Fed's Vice Chair fueled policy tightening bets, driving the US Dollar higher to XAU/USD's detriment. A Death Cross is undermining the technical view.

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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...