Gold price reversed an early dip to $1530 area and has now climbed to the top end of its daily trading range.
Gold price slips below $1325 and it seems the downside is likely to remain limited amid speculations for a Fed rate cut in 2019.
US dollar recovers, gaining across the board on Thursday after 10-year UST yields moved back above 2.4%. But will it hold on its gains?
Gold price remained under some selling pressure on the last trading day of the week and dropped to three-week lows, around the $1287 level in the last hour.
Gold prices are on the bid for the third straight day as the USD remains in the defensive ahead of the Fed meeting. The following gold price rally explains more.
Gold continues on its consolidation, after failing to hold the $1,300 level, nudging lower to breach the Fibonacci extension at 141.1%.
Gold end modestly lower, holding support at 1,184 as rebounding U.S. dollar strength had the yellow metal giving way to selling pressure.