GOLD PRICE FORECAST: XAU/USD BOUNCES OFF WEEKLY LOW, TRADES ABOVE $1,940 AHEAD OF FOMC

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Gold price struggles for a firm intraday direction on Wednesday and oscillates in a narrow trading band just above the weekly low touched during the early European session. The XAU/USD is currently placed around the $1,941-$1,942 region and for now, seems to have stalled this week's sharp pullback from levels beyond the $2,000 psychological mark, or a one-year peak.


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