Gold price flattens as US Dollar steadies and GBP flips ahead of BoE

Gold, XAU/USD, US Dollar, GC1, Bond Yields, BoE, PBOC, Fed, AUD – focused topics Gold prices softened in the face of rising government bond yields PBOC tilted policy and now BoE moves into focus after UK CPI data The US dollar could be the key for XAU/USD in this eventful week The gold price struggled … Read more

Australian dollar falls on Weak China Data. Will AUD/USD test the lows?

Australian Dollar, China’s Economy, AUD/USD, PBOC, RBA, CGB – Talking Points The Australian dollar gave back some gains overnight after weak Chinese data. Industrial production and retail sales fell, as did investment. The RBA minutes showed a rise, or no change was considered. Lower AUD/USD? The Australian dollar fell on doubts about China’s economic recovery … Read more