The price of gold pulls back from the weekly high ($1875) to largely track the recent weakness in longer-dated US Treasury yields, and the Federal Reserve’s first meeting for 2021 may do little to prop up the precious metal as the central bank relies on its non-standard tools to achieve its policy targets. Fundamental Forecast for Gold: Bearish The price of gold may continue to give back the rebound from the monthly low ($1803) as the Federal Open Market Committee (FOMC) remains “commitment to using its full range of tools to support the U.S. economy during this challenging time,” and it seems as though the central ... (full story)