Wednesday, 14 September 2022

Gold Prices at Risk as FOMC Bets Firm Up. US Retail Sales May Trigger a Crash

Gold is at risk of crashing with prices below 1,700 as FOMC bets for a 100-basis point rate hike rise. XAU may crash if those bets increase further, with US retail sales providing a possible catalyst.

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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...