Monday, 16 August 2021

Gold Price Outlook: XAU/USD Firms Back Into Range Ahead of Fed Powell Speech

Gold continued to shake off last week’s test of the lower bound of the recent range. The rally occurs as US yields drift lower ahead of a busy week and Jerome Powell’s speech.

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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...