Gold price (XAU/USD) extends the decline on Wednesday. The further upside of the yellow metal might be limited, as the FOMC minutes were interpreted as significantly more hawkish than previous releases.
Gold price trades with a negative bias on Thursday. The hawkish stance of the FOMC minutes from lastmonth'smeeting might cap the preciousmetal’supside. Investors will focus on the first reading of US PMI data for May, due on Thursday. Gold priceextends the decline on Wednesday. The further upside of the yellow metal might be limited, asthe FOMC minutes were interpretedas significantly more hawkish than previous releases.
The additional downside filter to watch is the lower limit of the Bollinger Band at $2,270. A breach of the mentioned level will see a drop to the 100-period EMA of $2,216. US Dollar price today The table below shows the percentage change of US Dollar against listed major currencies today. US Dollar was the weakest against the . USD EUR GBP CAD AUD JPY NZD CHF USD -0.02% -0.01% 0.00% -0.02% 0.09% -0.12% 0.00% EUR 0.02% 0.00% 0.03% -0.01% 0.12% -0.10% 0.01% GBP 0.01% 0.00% 0.03% -0.01% 0.12% -0.
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