Gold Price Forecast: XAU/USD dribbles within $30 range as Fed Minutes loom Gold XAUUSD Fed RiskAppetite YieldCurve
Index’s first daily positive in three the previous day, down 0.07% intraday near 104.11 at the latest.
Also likely to probe the Gold traders could be the hawkish bias surrounding the US Federal Reserve and looming policy pivot chatters. Amid these plays, the US 10-year and two-year treasury bond yields seesaw around the three-month highs marked the previous day while S&P 500 Futures print mild gains despite Wall Street’s negative closing.
It’s worth noting, however, that the nearly oversold conditions of RSI highlight the importance of the 100-day EMA level of $1,821 as the key support.
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