The price of goldretains the opening range for October even though the US Dollar Index (DXY) appears to be reacting to a confluent zone of support, and the precious metal may continue to consolidate as the Federal Open Market Committee (FOMC) plans to unveil a “more explicit outcome-based forward guidance.”In turn, the price of gold may work its way towards the monthly high ($1933) if FOMC officials show a greater willingness to further support the US economy, and key themes resulting from the COVID-19 pandemic may keep the precious metal afloat as the Fed’s balance sheet increases for the second week to approach the ... (full story)