XAUUSD

The precious metal has turned all its attention to the FOMC minutes that will be announced tomorrow evening, which will shed light on the future direction of the Fed's monetary policy. The "hawkish" messages that will be included in the minutes, emphasizing the fight against inflation, have the potential to create selling pressure on Gold, which is a non-yielding asset. In the period leading up to the minutes, global growth concerns may limit the declines in the precious metal.