Gold Price Forecast: XAU/USD bears move in and eye critical support near $1,950

Share:

• Gold price is attempting to move lower into support following FOMC minutes.
• Fed minutes show officials split on support for more hikes.

 The Gold price is mixed around the Federal Open Market Committee minutes that showed that the board members agreed that inflation risks are still unacceptably high but officials also generally agreed that the extent of further hikes are less certain. Gold price has ranged between a low of $1,961 and a high of $1,965 so far around the event but has traveled in a wider range of between $1,956.77 and $1,985.39 on the day so far.