ONTRADE Forex

Gold Price Forecast: XAU/USD challenging critical support yet again as FOMC Minutes loom

Gold Price Forecast: XAU/USD challenging critical support yet again as FOMC Minutes loom
Gold is consolidating the latest leg down to seven-week lows near $4,450 early Wednesday, following a 1.85% decline seen on Tuesday. Sellers appear to take a breather ahead of the Minutes of the US Federal Reserve’s (Fed) April monetary policy meeting.  

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