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Top fxopen.com News

Australia raises rates for first time since late 2023 as inflation hits six-quarter high — REUTERS / Hollie Adams

Australia Economy · Australia

Australia raises rates for first time since late 2023 as inflation hits six-quarter high

48% Left coverage: 48 sources

Bank of Canada holds key interest rate at 2.25% — REUTERS / Blair Gable

Bank of Canada · Canada

Bank of Canada holds key interest rate at 2.25%

60% Left coverage: 15 sources

The Bank of Canada announced Wednesday it will hold its key interest rate at 2.25 per cent.See the Story

Gold Prices Recover After a Catastrophic Sell-Off

Gold Prices Recover After a Catastrophic Sell-Off

Yesterday, while analysing the silver price chart, we described a fundamental shift in supply and demand dynamics that likely became the key driver behind the sharp decline in prices.This same reasoning can likely be applied to the gold market, which experienced a synchronous and dramatic sell-off. From the A peak on 29 January near $5,570, the gold price (XAU/USD) collapsed to the B low on 2 February below $4,420 — a drop of around 20%:→ “Smart…See the Story

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