Thursday, 16 June 2022

Gold Prices Rise as US Dollar Falls on Economic Woes, Where to for XAU/USD?

Gold prices rallied as the US Dollar sank with Treasury yields after disappointing US housing data fueled broader economic woes. Ahead, XAU/USD is eyeing industrial production data.

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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...