Sunday, 12 March 2023

Gold Price Shines as US Dollar Tanks on Sinking Yields from SVB Bailout. Higher XAU/USD?

The gold price clambered higher after the US Dollar took a hit with Treasury yields crumbling on the conjecture that the Fed will not need to be so hawkish. Will lower yields augment gold?

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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...