Gold Price Outlook: Gold Strong Hurdle $1,885 | Focus Shifts To Fed

Gold Price (Yellow Metal) pulls back to $1,878, after rising to the highest levels since May 09, during Monday’s Asian session. The precious metal’s latest weakness could be linked to the US dollar’s broad gains ahead of this week’s Federal Reserve (Fed) monetary policy meeting, as well as the risk-off mood. Additionally, a short-term trend line resistance also challenges the bullion buyers.

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Fed Rate Hike in Coming Months; Yellen

Fed Rate Hike in Coming Months; Yellen

Gold Silver Reports — Federal Reserve Chair Janet Yellen said the ongoing improvement in the U.S. economy would warrant another interest rate increase “in the coming months,” stopping short of giving an explicit hint that the central bank would act in June.

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