Wednesday, 24 May 2023

Gold Price Held Back By Multi-Decade High US Treasury Bill Yields

Gold continues to stall around $1,975/oz. with resistance fueled by US debt ceiling fears and soaring short-term US bill yields.

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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...