Gold Price News and Forecast: XAU/USD wobbles between monthly support line and 100-DMA

Markets are turning risk-averse as the Fed begins its two-day monetary policy meeting later today while surging covid cases in emerging economies also underpin the safe-haven US dollar.

Following its bounce off an ascending support line from March 31, gold remains lackluster around $1,780 amid Tuesday’s Asian session.

Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.

The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.

FXStreet has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.Any opinions, news, research, analyses, prices or other information contained on this website, by FXStreet, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice.

…Read the full story