The recent rally in the price of gold appears to be stalling ahead of the 200-Day SMA ($1847) as Federal Reserve officials expect the recent spike in the US Consumer Price Index (CPI) to be temporary, and the Federal Open Market Committee (FOMC) Minutes may drag on the precious metal as the central bank appears to be in no rush to switch gears. Fundamental Forecast for Gold: Neutral The price of gold holds near the monthly high ($1845) amid the recovery in longer-dated US Treasury yields, and it remains to be seen if the FOMC Minutes will influence the near-term outlook for bullion as Fed Governor Christopher Waller ... (full story)