Thursday, 4 May 2023

Gold (XAU/USD) Giving Back Post-FOMC Record Gains But The Future Seems Bright

A dovish interpretation of Jerome Powell’s FOMC statement on Wednesday sent gold spiking to a fresh all-time high before the precious metal retraced most of the move.

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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...