XAU/USD: optimism is increasing in the financial markets

Forex analytics: Yesterday’s rise in the stock indices was caused by the increasing purchases of the risky assets by investors. It became known yesterday that in February, business activity index in the manufacturing sector fell to 51.0 versus the forecast of 52.0 and the level of 52.4 in January. Market participant took it as an indication that the US Fed would not raise interest rate in March. At the same ...