XAU/USD hits the highest level since March 2014 due to the dovish comments of the ECB and the Fed
Almost 2% gold rally in response to the Fed’s hints at an interest-rate cut sent the futures rates into the zone of over five-year highs; gold price has almost hit the psychologically important level of $1400 per ounce. The XAUUSD was quite responsive to the Fed’s monetary easing in the past. Lowering the interest rates in the 2007-2008 period has pushed gold price 20% up, and the start of the US QE triggered its surge to the all-time high of $1921.17...
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