Monday, 12 June 2023

Gold Price Flirts with Support as US CPI Shapes Views Ahead of the Fed and ECB

The gold price is bumping along an ascending trend line ahead of US CPI today that could see market dynamics pivot should the number surprise. Will a tilt to real yields dent 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...