Thursday, 1 September 2022

Gold Prices Take a Beating, but More Damage Might Come from the US Jobs Report

Gold prices sank ahead of a hotly anticipated US non-farm payrolls report. Further indications of a tight labor market will likely not bode well for gold if the US Dollar keeps rallying.

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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...