Gold Price Forecast: XAU/USD back below $4,100 amid resurgent USD demand
From fxstreet.com
Risk aversion dominates financial markets in the American session on Wednesday, resulting in a much firmer US Dollar (USD) across the FX board. In the case of XAU/USD, demand for safety benefits both Gold and the Greenback, keeping the pair afloat, though off its intraday high of $4,132. Financial markets brace for United States (US) data and earnings reports, the latter focused on chip-maker NVIDIA, scheduled to report later in the day. As per the US, the Federal Open Market Committee (FOMC) will release the minutes of the October meeting, when US officials decided to cut the benchmark interest rate by 25 basis ...
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