Wednesday, 23 August 2023

Gold Price Outlook: XAU/USD Gains as Yields Ease Ahead of Jackson Hole

Gold has shown an increasing correlation to elevated yields and the dollar, weighing on the metal over the longer-term. Recent dips in yields provides short-term relief

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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...