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Central Bank Outlook and Trade Shift Sentiment
On July 8, optimism around global trade deals and upcoming central bank policy announcements dominate market direction. Gold retreats as risk appetite improves, while silver trades sideways awaiting clearer signals. The Aussie dollar advances ahead of a pivotal RBA decision, and the yen softens on diminished rate hike expectations. The PBOC’s steady hand on the yuan fix underscores China’s focus on exchange rate stability. Traders now look to central bank commentary and economic data releases for further cues in an increasingly optimistic but cautious environment. Gold (XAU/USD) trades below $3,350, extending its ... (full story)