XAUUSD

The precious metal has shifted to waiting for Wednesday's FOMC meeting minutes, which will shed light on the future of interest rates. While global growth concerns, such as weak GDP data from Japan, support Gold, investors may refrain from taking large positions until clear signals regarding the Fed's monetary policy are received. Any "hawkish" messages that come from the minutes have the potential to exert pressure on Gold, which is an interest-free asset.