Breaking: Bank of Canada hikes policy rate by 50 bps vs 75 bps expected

The Bank of Canada (BoC) hiked its benchmark interest rate by 50 basis points (bps) to 3.75% at the end of the October policy meeting this Wednesday.

Oct 26, 2022

Canada BoC Interest Rate Decision came in at 3.75%, below expectations (4%)

Gold Price Forecast: XAU/USD to suffer further falls with a top in place – Credit Suisse

Gold remains solidly below $1,691/76, reinforcing its “double top.” Subsequently, strategists at Credit Suisse expect XAU/USD to extend its losses. We