Wednesday, 16 August 2023

Gold (XAU/USD) Flirts with $1900 Support as Fed Minutes Loom

Spot Gold briefly traded below the $1900 support level with a daily close below the 200-day MA for the first time since December 2022. A sign of further weakness ahead?

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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...