Gold Research
Euro: Rate support seen fading gradually against US Dollar – MUFG
MUFG’s Derek Halpenny says the ECB’s latest communication supports a likely September rate hike, now almost fully priced, but warns that Euro support may fade as energy costs rise.
MUFG’s Derek Halpenny says the ECB’s latest communication supports a likely September rate hike, now almost fully priced, but warns that Euro support may fade as energy costs rise.
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