Thursday, 17 August 2023

Gold Price Slides as the US Dollar and Treasury Yields Rise. Where to for XAU/USD?

The gold price dipped to fresh lows overnight as markets consider the consequences of a rising US Dollar and Treasury yields as the outlook for China faces scrutiny. Lower 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...