Precious metals are losing ground as traders worry about hawkish Fed.
Once again, gold is showing signs of short-term weakness. Over the last 4 trading sessions, XAU/USD has accumulated a decline.
Gold: Hawkish Fed delays Gold recovery path – Commerzbank
Gold Price Forecast: XAU/USD sits out the panic it was built for
Swiss Franc: Weak performance tied to carry and Gold – TD Securities
Gold continues to see choppiness on Tuesday, as there are a lot of external issues out there that are causing a significant amount of confusion and noise.
Gold – Potential for the further drop [Video]
$4,000: Gold's key support faces a crucial Fed test
Gold fell to 4,047 USD per ounce on Tuesday, erasing gains from the previous session. Pressure on the metal is mounting amid fears that the Federal Reserve may raise rates as early as this week.
Gold declines, focus on Fed and falling Oil prices
Gold: Supported by lower oil prices and yields – ING
Saudi Arabia Gold price today: Gold falls, according to FXStreet data