XAU/USD Current price: $2,391.77 Financial markets await the release of the FOMC Meeting Minutes. XAU/USD aims south below $2,400 and seems poised to extend its slump. The US Dollar surged early on Wednesday as government bond yields ticked higher ahead of the release of the Federal Open Market Committee Minutes. The Federal Reserve met on May 1, when policymakers decided to keep rates on hold in the 5.25% to 5.5% range.
is expected to report earnings today after the market close. The company has been the heart of the AI boom over the last year and a half, driving markets to record highs. Speculative interest anticipates massive revenue and profits in Q1. XAU/USD short-term technical outlook XAU/USD bounced from its intraday low, although it remains below the $2,400 mark. Upcoming direction may depend on the FOMC Minutes outcome.
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Source: FXStreetNews - 🏆 14. / 72 Read more »