[GOLD Price] Technical Analysis & Commodities Market News – April 29, 2021 | Capital Street FX

Here is our GOLD Price forecast! Is the GOLD Price uptrend ending, or is there still more room for the Dollar to rise? Let’s find out.

Do you agree with this GOLD Price analysis? Use the comments section and share how you’re trading this popular forex pair and what your GOLD outlook is!

Latest Stock Market News –

1. Gold was up on Thursday morning in Asia on the back of the U.S. Federal Reserve maintaining its easy monetary policy as it handed down its latest policy decision. A weakening dollar provided further support to the safe-haven yellow metal.

2. Gold futures were up 0.59% to $1,784.45 by 12:42 PM ET (4:42 AM GMT). The dollar, which usually moves inversely to gold, inched down on Thursday.

3. The Fed kept its interest rate unchanged at 0.25%, and kept its bond-buying program steady when it handed down its decision on Wednesday. Fed Chairman Jerome Powell also reiterated his dovish stance on interest rate hikes, insisting that any inflation is temporary.

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