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Gold Price Forecast: Is This The Calm Before The Storm? 2021-07-21 19:30:00 Peter Hanks, Strategist Gold Price Forecast: Gold is surrounded by important technical levels ahead of a week with serious market-moving potential That said, gold traders may wait to make their move until after next week’s FOMC rate decision Gold Price Forecast: Is This The Calm Before The Storm? Gold finds itself at a crossroad ahead of a major week for markets. While the current trading week began with a bang in many risk-sensitive assets, gold has enjoyed relatively calm price action and teeters on the brink of a range breakout should US Treasury yields continue to slip. With the July FOMC rate decision fast approaching and gold on the precipice of a potential rally or reversal, price action may slow until the event risk has passed in what could be called the “calm before the storm.”

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