Interest rates in the UK are expected to be held again next month, rather than cut for the first time in over four years, according to Jonathan Haskel, a member of the Bank of England’s Monetary Policy Committee (MPC). The UK central bank has kept interest rates at a 16-year …
Read More »Market Drivers; US Session, May 13
Amid growing cautious ahead of the US CPI, gold prices reversed two straight sessions of gains and fell back to the $2,330 zone. Meanwhile, the price of an ounce of silver increased just above $28.00. Despite slight losses, the USD Index (DXY) was able to maintain its position above the …
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