Monday, 8 November 2021

Gold Price Rally Eyes September High with US Yields Under Pressure

The price of gold may continue to retrace the decline from the September high ($1834) as the 10-Year US Treasury yield holds near the monthly low (1.44%).

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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...