Spot Gold trades marginally lower on Tuesday as the US Dollar benefited just modestly from a sour market mood.
XAU/USD Current price: $2,419.95 Fed ’s Economic Well-Being of US Households report brought discouraging news. The focus shifts to the FOMC Meeting Minutes scheduled for Wednesday. XAU/USD under mild selling pressure, could retest the $2,400 price zone. XAU/USD hovers around $2,420 after posting an intraday low of $2,406.10. Asian and European indexes edged lower as investors took profit ahead of earnings reports while lacking fresh catalysts.
Looking ahead, the United States Federal Open Market Committee will release the Minutes of its latest meeting on Wednesday. Market players hope for clarity over the timing of a monetary policy pivot, which policymakers have refused to provide so far. XAU/USD short-term technical outlook From a technical point of view, XAU/USD holds near fresh record highs posted on Monday, losing its bullish momentum but far from turning bearish.
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