Update: Gold price is extending weakness into the third straight day on Thursday, testing the critical 21-DMA at 1883 support ahead of the all-important US inflation and ECB policy decision.
The central bank reiterated its guidance that rates would remain unchanged until at least the second half of 2022.
”Reports suggest that the two sides will start removing Trump-era tariffs on steel and aluminum and will try to resolve the festering Boeing-Airbus dispute.
Furthermore, chatters over the US-led push to re-do detailed investigations in covid origins and the Britain-America ties to frame policies to increase Beijing’s hardships also weigh on the sentiment.
Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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.
FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use.
Gold price is attempting a minor bounce, having witnessed a steep drop following a break below the critical 21-DMA support at 1883.
Shiba Inu price decline has not been matched by increasing volume, suggesting it is not token specific.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
FXStreet has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.Any opinions, news, research, analyses, prices or other information contained on this website, by FXStreet, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice.