Thursday, 10 August 2023

Gold Price Outlook at Risk as Markets Embrace Tighter Fed for Longer After US CPI

Gold prices fell in the aftermath of US inflation data. Financial markets continue to open to a Federal Reserve that may stay tighter for longer, leaving XAU/USD at risk.

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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...