Saturday, 29 October 2022

Gold Price Forecast: XAU/USD Directional Bias Tied to Fed Monetary Policy Posture

Gold prices could recover in the near term if the Federal Reserve embraces a less hawkish posture and signals that it will raises rates less forcefully in the future amid growing economic risks.

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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...