Gold poised for breakout as central banks depress yields

From forex.com

Today was meant to be a quiet day in the markets ahead of the Fed’s much anticipated policy decision tomorrow. But we were spoilt. There were some noticeably sharp moves in FX, stocks and commodities markets thanks to some unexpected headlines. First it was the ECB President Mario Draghi who amazed stock market investors in Europe by delivering a surprisingly dovish message this morning, sending the DAX surging higher. That rally was about to run out of juice but Trump came to the recuse when he tweeted that he had a “very good telephone conversation with President Xi of China.” The US President said the two ... (full story)