Gold Price Forecast: Strong Dollar Caps Rebound After FOMC Minutes - FXEmpire

AI desk brief

Gold (XAU) recovered on Thursday, but the rebound is being capped by a strong U.S. dollar and elevated real yields after the FOMC minutes kept focus on December rate-hike risk and persistent inflation. The piece flags central bank buying as a support, while noting higher energy costs add to the inflation concern backdrop.

On the technical side, the article says a softer dollar and a break above $4,330 would strengthen the recovery in gold. It also points to the gold-to-silver ratio as a guide for the next move.