Saturday, 13 August 2022

Gold Prices May Fall as Fed Fights Pivot Bets and Short Covering Slows

Gold prices surged after economic data fueled Fed pivot bets. XAU's rally, fueled partly by short covering, may end soon, especially if the Fed sends a stronger response to ardent investors.

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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...