Friday, 3 September 2021

Gold Prices May Fall on US Jobs Data Even If Payrolls Disappoint

Gold prices may drop even if nonfarm payrolls growth proves soggy as long as wage inflation remains elevated, beckoning the Fed to scale back QE and boosting the US Dollar.

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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...