Gold unfazed by risk trends
Gold prices continue to trade steady in a familiar range and have settled around $1,560 on Friday.
ECB meeting: risk balance in focus
It is widely expected that the upcoming ECB meeting will be a non-event, it may affect the euro’s dynamics anyway, with the central bank’s rhetoric being in focus.
EURUSD faces another bearish rejection
In the first half of the day on Tuesday, EURUSD climbed above the 1.11 handle, mainly due to unexpectedly upbeat ZEW survey out of Germany.
Gold bulls don’t give up
Despite a rise in global stocks, gold prices appreciated to one-week highs just below $1,563 on Monday and remain close to the upper edge of the current trading range.