7/27/2021 3:15:00 AM GMT | By Anil Panchal
Gold prices remain pressured for third consecutive day, off intraday low.
Chatters over covid, US infrastructure bill test traders ahead of the key FOMC.
US Durable Goods Orders, risk catalysts eyed for short-term direction.
Update: Gold prices loiter near the $1,800 mark for the past five trading sessions. The US dollar remains steady near the four-month high ahead of the Fed’s interest rate decision. The prices moved cautiously despite the general negative sentiments surrounding the greenback. The yields on the benchmark US 10-year Treasury bonds recovered to 1.28% after retreating towards 1.27% on Monday. Investors remain reluctant to open new big positions as they await the FOMC meeting outcome for further clues on the central bank’s next move on stimulus and economic outlook. The meeting would be followed by the speech of the Fed Chair Jerome Powell, which could alter the trader’s s