Gold Prices at Risk with ECB Rate Decision, FOMC Minutes in Focus

[jenney]

Gold prices mark time after second-largest weekly drop this year
　　Diverging US Dollar, bond yields make for competing influences
　　FOMC minutes, ECB policy decision might trigger risk aversion
　　Check out the latest gold price forecast and see what is expected to drive prices through mid-year!
　　Gold prices spent the past six sessions locked in a narrow consolidation range, digesting after the prior weeks outsized drop. That move seemed to mark the culmination of building pressure from a recovering US Dollar and lower Treasury bond yields since mid-March. These moves sapped the appeal of anti-fiat and non-interest-bearing assets epitomized by the yellow metal.