Gold Price Chart Hints at Topping Before Key Fed Policy Meeting

From dailyfx.com

Gold prices probed higher to touch a 14-month high on Friday but the move unraveled – with the metal erasing all of its intraday advance to end the session fractionally lower – as the US Dollar rose alongside Treasury yields in the wake of supportive economic data. The upbeat results also buoyed risk appetite, lifting cycle-sensitive crude oil prices alongside stocks. Looking ahead, a quiet start to the trading week may be on the menu as traders shy away from strong conviction one way or another ahead of tectonic event risk in the coming days. Wednesday’s FOMC meeting takes top billing but commentary from the ... (full story)