Tuesday, 13 September 2022

Gold Prices Eye US PPI Data. Is a Big Breakdown Afoot?

Gold prices are steady in Asia-Pacific trading after a sharp overnight drop following US CPI data. Prices are at the long-defended 1,700 level, but a big breakdown is on the cards if US producer prices surprise estimates.

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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...