Wednesday, 12 April 2023

Gold Price Eyes New Highs as US Dollar Wilts on Soft CPI. Will XAU/USD Rally?

The gold price scoped new highs after the US Dollar descended in the wake of CPI printing below forecasts and Fed meeting minutes revealing a tapering of sorts. Where to for XAU/USD?

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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...