The Federal Reserve Bank released its monetary policy meeting minutes on Wednesday. The minutes from the March meeting showed that Fed officials kept the options open for rate hikes if the economy improves. However, the majority of the policymakers were of the view that the current economic outlook and risks would require no change to interest rates for the remainder of the year.
Will XAUUD Reverse Gains?
XAUUSD rallied to a fresh two-week high on Wednesday but price retreated after touching intraday highs of 1310. Price action remains stuck in the resistance area of the 1307 – 1301 region. If we see a reversal lower, then gold could be potentially turning lower. However, the support at 1285 will be a key level in determining further declines
