Germany HCOB Manufacturing PMI registered at 41.9 above expectations (41.6) in March

EUR/USD descends to lower 1.0700s after strong US data

EUR/USD falls to the lower 1.0700s on Tuesday after more strong US macroeconomic data supports the US Dollar (USD), pushing down the probability of the US Federal Reserve (Fed) cutting interest rates by June to close to 50%.
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Gold Price Forecast: Strong investment demand will be critical to the direction of XAU/USD in H2 – ANZ

Investment demand for Gold has not been moving in tandem with prices for more than a year.
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