Monday, 11 September 2023

Gold Rallies into Key Resistance, Will the 50-day MA Cap Further Upside?

Gold starts the week on the front foot as the Dollar Index takes a breath. Will the idea of a 'soft landing' and a drop in US inflation help Gold bulls facilitate a renewed push toward the psychological $2000/oz mark?

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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...