Thursday, 16 November 2023

Gold Price Forecast: XAU/USD Breaks Out as Yields Sink, Fed Pivot Hopes Build

Gold prices rally more than 1% and break above a key technical resistance, boosted by falling U.S. Treasury yields following disappointing U.S. economic data.

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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...