Gold Price Analysis: XAU/USD struggling to find momentum above $1,870 after FOMC minutes non-starter

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Gold Price Analysis: XAU/USD struggling to find momentum above $1,870 after FOMC minutes non-starter
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Gold spot prices find themselves on the high side for Wednesday, up from the day's opening bids around $1,859 with the day's high etched in near $1,87

Gold holding onto near-term highs, but bull runs into $1,900 are failing on Wednesday. XAU/USD set to be exposed to US inflation figures due Thursday with US CPI in the barrel. Despite a technical ceiling, spot Gold remains well-bid, up nearly 3.5% from last week's lows near $1,810. 7. The Federal Reserve's latest meeting minutes failed to spark a notable market reaction, with Fed officials spreading their bets on comments about inflation risks and policy measures.

minutes: Members agreed rates should stay restrictive for some time XAU/USD is struggling to find momentum to make a meaningful run into $1,880, and intraday action could see itself constrained into the back end as markets head into Thursday's US Consumer Price Index reading. The US CPI printing on Thursday is expected to see a mild decline from 3.7% to 3.6% for the headline annualized period into September.

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