Gold Research
Euro gains traction above 1.1350 as markets price in upcoming ECB rate hike
The EUR/USD pair gathers strength to near 1.1385 during the early European trading hours on Friday, bolstered by the prospect of imminent European Central Bank (ECB) rate hikes.
The EUR/USD pair gathers strength to near 1.1385 during the early European trading hours on Friday, bolstered by the prospect of imminent European Central Bank (ECB) rate hikes.
Gold impact rationale
Rising rate-hike or hawkish expectations increase gold's opportunity cost.
- Source: FXStreet news
- 2026-07-24
- rates
Topics: gold news, gold price impact, rates