Monday, 4 September 2023

Gold Price Steadies as US Real Yields Offset by Potential BRIC Demand. Lower XAU/USD?

The gold price has seen some sideways price action as the market contemplates a bullish and bearish case with the potential influence of BRIC countries outweighing historic fundamentals.

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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...