Gold flat lines above $4,100 as weaker USD clashes with Fed hike bets

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Summary · why it matters

Gold reversed a modest Asian session dip to the $4,109–$4,108 region on Friday, though it lacked bullish conviction. The US Dollar selling remained unabated for the third consecutive day in the wake of Wednesday's less hawkish FOMC Minutes, offering some support to the commodity.

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⛏Gold Futures
GOLD
▲ PositiveMonetaryrelevance

Weaker USD from less hawkish FOMC Minutes supports gold prices.

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