Gold price retreats on Wednesday after registering four days of straight gains as US Treasury bond yields rise in the vicinity of the release of the Minutes from the Federal Reserve’s (Fed) monetary policy meeting in January.
The Pound Sterling (GBP) rises against the US Dollar in Tuesday’s European session as the market sentiment turned upbeat ahead of the release of the Federal Reserve Open Market Committee (FOMC) minutes, providing a fresh outlook on interest rates.
Gold price rallied for the fourth straight day during the mid-North American session as traders from the United States (US) got back to their desks and digested the latest economic news.
Gold price (XAU/USD) continues its winning spell for the third session in a row on Monday despite waning expectations of rate cuts by the Federal Reserve (Fed) before the June monetary policy meeting.