Gold Price Forecast: XAU/USD Range Holds Ahead of Huge Event Risk

Gold Price Forecast: The neutral outlook for gold this week centers around the fact that the commodity has been trading within a range for two weeks now, showing little sign of breaking out. Significant event risk like the FOMC meeting and NFP data could however provide the impulse needed to breach the range. Ultimately, in the absence of a pick-up in volatility, gold prices appear content to oscillate ack and forth for the time being.

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