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UK Treasury: Chancellor of the Exchequer Reeves is expected to announce a series of major reforms to give Parliament the power to approve key energy projects.Futures News, May 20th: Economies.com analysts latest view: Spot gold prices continued their recent decline in intraday trading, remaining below the key support level of $4500, further confirming the validity of the bearish breakout and the continuation of selling pressure in the short term. Spot gold is also currently below its 50-day exponential moving average (EMA50), a technical signal that continues to exert negative pressure and reinforces the current downtrend. Since breaking below the major short-term uptrend line, the bearish outlook for spot gold has further strengthened, indicating that market dominance has shifted to the bears. Furthermore, momentum indicators such as the Relative Strength Index (RSI) continue to release negative signals, suggesting that with selling momentum dominating, the probability of further declines in spot gold prices remains high.European Commission President Ursula von der Leyen: I now call on joint legislators to act swiftly to complete this process.European Commission President Ursula von der Leyen: This means we will soon fulfill the commitments made in the joint statement between the EU and the US.European Commission President Ursula von der Leyen: We welcome the agreement reached between the European Parliament and the Council to reduce tariffs on US industrial exports to the EU.

Market Forecasts

Follow our market forecast for forex and gold and find expert predictions, analysis and currency forecast tools to help you trade more consistently. ​Follow our weekly forecast for forex and gold and find expert predictions, analysis and currency forecast tools to help you trade more consistently.