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Gold Price Forecast: Pointing Lower After September Fed Meeting – Levels for XAU/USD

September 23, 2021

Via: DailyFX

We’ve been ambivalent about rallies in gold prices for the past several weeks. Just two days ago it was noted that “what’s happening in gold prices is nothing more than a ‘dead cat bounce’…in recent Fed meetings and moreover, minutes from those Fed meetings, gold prices haven’t fared well as US policymakers inch ever-closer towards making a stimulus taper announcement.”

Price action in the 48-hours around the September Fed meeting have vindicated this apprehension towards the gold price rally that marked the start of the week.

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