Tuesday, 17 October 2023

Gold Price Hangs Tough as Treasury Yields Surge and US Dollar Firms. Higher XAU/USD?

The gold price remains buoyant on flight to safety flows from geopolitical concerns, but the macroeconomic picture is going in the other direction. Will XAU/USD maintain its strength?

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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...