Wednesday, 11 January 2023

Gold Price Latest: XAU/USD Piercing Multi-Month Resistance

The precious metal continues to grind higher and unless Thursday’s US inflation release comes in higher than expected, gold is likely to test resistance around the $1,900/oz. level this week.

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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...