The yellow metal remains in the previous range below the 1,250 mark. However, various clues have revealed the future direction of the bullion.
In the most recent speech of the ECB President he attempted to quell the surge of the Euro against other currencies by stating that he was misunderstood. However, that had only a minor effect.
The yellow metal's price on Wednesday morning continued to fluctuate in the rate established during Tuesday's trading session.
Although Draghi already propelled the Euro into the sky on Tuesday, the ECB President has scheduled a public speech also for Wednesday. That is the main focus of the day.
The mood of American shoppers rose unexpectedly this month, hitting a 16-year high.
The Bank of England Governor Mark Carney held a press conference about the Financial Stability Report in London on Tuesday.
The bullion's price was recovering on Tuesday. However, the metal hit a strong resistance cluster during the morning hours.
On Tuesday the EUR/USD currency pair continued to fluctuate between the levels, which squeezed it in on Monday morning.
Orders for US-made durable goods dropped more than expected last month, pointing to a slowdown in the manufacturing sector.
Orders for US-made durable goods dropped more than expected last month, pointing to a slowdown in the manufacturing sector.
On Monday morning the EUR/USD currency exchange rate flirted with the 1.12 mark. However, the currency exchange rate failed to pass the resistance levels, which are located at that mark.
The yellow metal has tumbled down by 1.5% during the middle of the morning analysis creation. For the reason of the fall one does not have to look far,
The number of Americans filing for unemployment benefits rose slightly last week, official figures revealed on Thursday.
The number of Americans filing for unemployment benefits rose slightly last week, official figures revealed on Thursday.
The number of Americans filing for unemployment benefits rose slightly last week, official figures revealed on Thursday.
The number of Americans filing for unemployment benefits rose slightly last week, official figures revealed on Thursday.
After triggering bullish trader stop losses by suddenly falling below the 1,250 mark on Thursday, the yellow metal continued its surge on Friday morning.
The common European currency remains near Thursday's levels against the US Dollar. However, new information is available due to the most recent fluctuations of the currency exchange rate.
The bullion continues to move higher on Thursday, as the yellow metal's price reached for the 1,255 mark.
The common European currency managed to find support against the US Dollar, in the support cluster, which has been described before.
US oil inventories fell for the second consecutive time last week, official data showed on Wednesday.
US oil inventories fell for the second consecutive time last week, official data showed on Wednesday.
US homebuilding activity rose slowed unexpectedly last month, official figures revealed on Friday.
The Bank of England Governor Mark Carney delivered a speech on Tuesday at the Mansion House dinner in London.