Tuesday, 31 January 2023

Gold Treads Water Ahead of a Cascade of Central Bank Hikes. Where to for XAU/USD?

The gold price rejected a move lower overnight as the US Dollar is poised ahead of today’s all-important Fed rate decision with the attention turning to post-decision press conference.

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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...