Gold holds intraday gains but stays below $4,950 ahead of FOMC Minutes
Gold (XAU/USD) continues its upward move during Tuesday’s European session, reaching a new daily high. The metal has recovered a large portion of the previous day’s sharp decline of more than 2%, when prices slipped toward the $4,842–$4,843 area — the lowest level in nearly two weeks. Still, traders remain cautious before the release of […]
USD/CAD Price Forecast: Attempts to push recovery above 20-day EMA
The USD/CAD pair trades slightly higher near 1.3653 in the early European session on Wednesday. The pair gains modestly as the US Dollar (USD) edges up ahead of the Federal Open Market Committee (FOMC) Minutes scheduled for 19:00 GMT. At the time of writing, the US Dollar Index (DXY), which measures the Greenback against a […]