Gold hits weekly lows near $1860 amid USD strength, focus shifts to FOMC

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Gold price is bearing the brunt of the persisting upbeat tone seen around the US dollar, as investors flock to the safe-haven ahead of the FOMC decision this week. Although the Fed officials have dismissed rising inflation as temporary, markets await the FOMC outcome to seek further clarity on the Fed’s policy stance, with taper debate back on the table

Source: FxStreet

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