Daily market commentary: The euro edged up, ahead of the European Central Bank meeting

<img width="250" height="151" src="https://www.leaprate.com/wp-content/uploads/2022/06/Euro-250×151.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Daily Market Commentary" style="float: left; margin-right: 5px;" link_thumbnail="" loading="lazy" srcset="https://www.leaprate.com/wp-content/uploads/2022/06/Euro-250×151.jpg 250w, https://www.leaprate.com/wp-content/uploads/2022/06/Euro-700×422.jpg 700w, https://www.leaprate.com/wp-content/uploads/2022/06/Euro-768×463.jpg 768w, https://www.leaprate.com/wp-content/uploads/2022/06/Euro-120×72.jpg 120w, https://www.leaprate.com/wp-content/uploads/2022/06/Euro-245×148.jpg 245w, https://www.leaprate.com/wp-content/uploads/2022/06/Euro-500×301.jpg 500w, https://www.leaprate.com/wp-content/uploads/2022/06/Euro.jpg 880w" sizes="(max-width: 250px) 100vw, 250px" /><h2>Gold</h2>
<p>Gold prices are flat during early Thursday trading, barely moving as traders eye the release of important US employment and inflation data, which is coming out later today and tomorrow. The price of bullion remains conditioned by two vectors that have kept it in a narrow range over the last few sessions; on one side, the precious metal is supported by the economic uncertainty generated by geopolitical instability and high inflation, which enhances its haven appeal. At the same time, a <a target="_blank" href="https://www.leaprate.com/forex/market-news/daily-market-commentary-the-us-dollar-hedges-up-as-inflation-fears-continue-to-dominate-the-sentiment-of-investors/" rel="noopener">strong dollar</a> and rising bond yields, cap gains for the non-yielding gold. Against this background, the US data, due to be released before the weekend may generate more movement in the price of bullion, especially if inflation numbers surprise to the upside and trigger more gains for the dollar, in a dynamic that would penalize gold.</p>
<p><img class="alignnone size-full wp-image-445465" src="https://www.leaprate.com/wp-content/uploads/2022/06/gold17.png" alt="" width="1345" height="686" srcset="https://www.leaprate.com/wp-content/uploads/2022/06/gold17.png 1345w, https://www.leaprate.com/wp-content/uploads/2022/06/gold17-250×128.png 250w, https://www.leaprate.com/wp-content/uploads/2022/06/gold17-700×357.png 700w, https://www.leaprate.com/wp-content/uploads/2022/06/gold17-768×392.png 768w, https://www.leaprate.com/wp-content/uploads/2022/06/gold17-120×61.png 120w, https://www.leaprate.com/wp-content/uploads/2022/06/gold17-245×125.png 245w, https://www.leaprate.com/wp-content/uploads/2022/06/gold17-500×255.png 500w" sizes="(max-width: 1345px) 100vw, 1345px" /></p>
<p><em>Ricardo Evangelista – Senior Analyst, ActivTrades</em></p>
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<p><em>Disclaimer: opinions are personal to the authors and do not reflect the opinions of LeapRate. This is not a trading advice.</em></p>
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<p>The post <a rel="nofollow" href="https://www.leaprate.com/forex/market-news/daily-market-commentary-the-euro-edged-up-ahead-of-the-european-central-bank-meeting/">Daily market commentary: The euro edged up, ahead of the European Central Bank meeting</a> appeared first on <a rel="nofollow" href="https://www.leaprate.com">LeapRate</a>.</p>