Gold Price Turns Bullish as FOMC Minutes Weigh on Greenback

<div><img width="717" height="482" src="https://www.forexcrunch.com/wp-content/uploads/2021/08/Screenshot_1-27.png" class="type:primaryImage wp-post-image" alt="Gold price analysis" style="margin-bottom: 15px;" decoding="async" fetchpriority="high" srcset="https://www.forexcrunch.com/wp-content/uploads/2021/08/Screenshot_1-27.png 717w, https://www.forexcrunch.com/wp-content/uploads/2021/08/Screenshot_1-27-300×202.png 300w, https://www.forexcrunch.com/wp-content/uploads/2021/08/Screenshot_1-27-150×101.png 150w" sizes="(max-width: 717px) 100vw, 717px" /></div>
<p>The bias remains bearish as long as it stays below the downtrend line. Positive US data could punish the price of gold. A new lower low activates more declines. The gold price edged higher and is now trading at $2,050, far above yesterday’s low of $2,030. The metal has turned to the upside as the…</p>
<p>The post <a href="https://www.forexcrunch.com/blog/2024/01/04/gold-price-turns-bullish-as-fomc-minutes-weigh-on-greenback/">Gold Price Turns Bullish as FOMC Minutes Weigh on Greenback</a> appeared first on <a href="https://www.forexcrunch.com">Forex Crunch</a>.</p>

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