Gold Holds Below $4,400 as Fed Focus Keeps Sellers in Control
Gold is defending minor bids above $4,300 in Asia on Tuesday, holding a pullback from six-day highs of $4,369. Sellers retain control below $4,400 as attention shifts to the Federal Reserve.
Gold prices are steadying above $4,300 during Asian trading on Tuesday, after pulling back from a six-day high of $4,369 reached in the prior US session. The precious metal remains under pressure from sellers as long as it trades below the $4,400 resistance level.
Market focus is now turning to the Federal Reserve's policy outlook, which is likely to drive near-term direction for the yellow metal. The hold above $4,300 offers some minor support, but the broader tone suggests sellers are in control until bulls can reclaim the $4,400 mark.
Source: FXStreet Forex News