Wednesday, 6 April 2022

Gold Price Holds Above 50-Day SMA Despite Rising US Yields

The rebound from the 50-Day SMA ($1903) may keep the price of gold afloat as the moving average continues to reflect a positive slope.

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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...