Gold price (XAU/USD) struggles to extend the previous day’s recovery beyond $1,930-28 as the market braces for the key Federal Reserve (Fed) verdict on Wednesday. The yellow metal managed to cheer the broad US Dollar weakness, backed by the United States data and firmer equities, as traders brace for a dovish hike from the US central bank. Gold price snapped a three-day downtrend and bounced off a two-week low the previous day after the US Dollar Index (DXY) reported the first daily loss in four, around 102.10 by the press time. In doing so, the greenback’s gauge versus the six major currencies justified downbeat ... (full story)