Tuesday, 2 August 2022

Gold Price Peels Lower as US Dollar and Treasury Yields Gain. Where to for XAU/USD?

Gold dipped overnight after four Fed speakers hit the wires to hose down a pivot in policy, sending Treasury yields and the US Dollar higher. Will the XAU/USD recover?

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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...