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PBOC expands Gold reserves for sixth straight month in April

The latest data published by the People’s Bank of China (PBOC) showed that China continued to build its Gold reserves for a sixth month in a row in April.

Key details

  • Bullion held by the PBOC rose by about 70,000 troy ounces last month.
  • China's Gold reserves at the end of April were at 73.77 million ounces, up from 73.70 million ounces at the end of March.
  • In value terms, the reserves at the end of April amount to $243.59 billion versus $229.59 billion at the end of March.

AUD/USD Price Forecast: Falls toward ascending channel lower boundary around 0.6450

The AUD/USD pair breaks its three-day winning streak, trading around 0.6480 during the European hours on Wednesday. The technical analysis of the daily chart suggests a persistent bullish bias as the pair is moving upwards within the ascending channel pattern.
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Fed expected to hold rates amid trade uncertainty – Commerzbank

Apart perhaps from the US President, hardly any market participants are likely in any doubt that the US Fed will leave interest rates unchanged today.
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