Gold Reaches Another ATH; Euro Recovered Losses After ECB’s Rate Decision
From Investing.com:
Gold prices continued to rise, reaching an all-time high as the US dollar weakened due to Fed Chair Jerome Powell’s cautious remarks. The momentum is expected to continue, with XAU/USD potentially moving towards 2,200. On the other hand, the ECB kept interest rates unchanged, with discussions on policy easing ongoing. The EUR has remained stable, but upcoming data releases may influence its movement. Meanwhile, the BOJ hinted at ending its negative interest rate policy in March, causing the JPY to strengthen. Market participants are closely watching the NFP report for further guidance on currency trends.
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