Is it Possible to Buy Gold Now? goldprice goldtrading XAUUSD
People familiar with the deliberations said US President Joe Biden may announce a rollback of some tariffs as soon as this week, although the timing may be delayed and the final decision is made. It would be Biden's first major policy move on trade relations with China and appears aimed at curbing inflation, which has driven up interest rates and reduced the allure of zero-interest gold.
Today, the US Federal Reserve's latest meeting minutes will be analyzed for clues to the Fed's narrow path and whether it is likely to raise US interest rates by 50 or 75 basis points at its July 26-27 meeting. Therefore, investors are likely to remain on the sidelines until the release of the Federal Reserve's meeting minutes, non-farm payrolls and US unemployment data due on Friday.
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