Wednesday, 28 June 2023

Gold Price Nearing Key Fibonacci Support as Powell Keeps Hawkish Outlook in Play

Gold prices retreat as Fed chair Powell retains hawkish stance, signaling that the central bank will resume hiking rates at upcoming meetings, an event that could push real and nominal yields higher.

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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...