Monday, 22 May 2023

Gold Price Finds Traction as US Dollar Pauses Despite Higher Yields

Gold continues to consolidate today after looking lower last week as the US Dollar ponders direction with the debt ceiling issue yet to be resolved. Would an agreement impact 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...