Gold Price gains traction as US yields retreat ahead of Fed rate decision By eren_fxstreet Gold XAUUSD Metals Commodities Technical Analysis
held an emergency meeting to address the fragmentation issue on Wednesday. "The Governing Council decided that it will apply flexibility in reinvesting redemptions coming due in the PEPP portfolio, with a view to preserving the functioning of the monetary policy transmission mechanism," the
of New York's Empire State Manufacturing Index improved to -1.2 in June from -11.6. Following the mixed US data, Wall Street's main indexes remain on track to open in positive territory, possibly limiting the dollar's upside.Gold Price climbed above $1,830 during the European trading hours on Wednesday and the Relative Strength Index indicator on the daily chart rose toward 50, suggesting that buyers are looking to take control.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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