Friday, 20 August 2021

Gold Price Rise Stalled as the US Dollar and Bond Yields Clash

A spirited gold price rise ground to a halt as churning Fed policy speculation drove divergence between the US Dollar and Treasury bond yields. The Jackson Hole symposium is eyed ahead.

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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...