Gold Price

Gold Dribbles Within $30 Range as Fed Minutes Loom

Gold price (Yellow Metal) probes a two-day downtrend as it treads water around $1,835 during early Wednesday. In doing so, the bright metal remains inside the one-week-old trading range of around $30.00 as traders await the Federal Open Market Committee’s (FOMC) Monetary Policy Meeting Minutes. It’s worth noting that the geopolitical fears and the US Dollar’s lackluster moves around the multi-day top seem to add filters to the Yellow Metal traders.

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Gold price

Gold price (Yellow Metal) failed attempt to rebound from $1,860, Federal Reserve talks

Gold price (Yellow Metal) failed attempt to rebound from $1,860, as market sentiment stays sluggish amid mixed signals from the Federal Reserve and the geopolitical front. Adding confusion to the metal traders’ minds could be the lack of major data/events. Even so, the bullion remains on the bear’s radar as the United States Treasury bond yields remain firmer.

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