Gold Price Has Decreased Below $1800. What Should Investors Draw Their Attention To?

FXStreet’s Dhwani Mehta Opinion About Gold Movements

Gold Reports the Biggest Daily Fall in Three Weeks

XAU/USD bears take a breather after the biggest daily fall in three weeks falling from around $1,805 to $1,764, and currently trading around $1,770 during Wednesday's Asian session. One factor that would have affected gold price is the rise of US Dollar Index (DXY) which rallied to the highest levels in 20 years.


Moving forward, updates on global economy health will be crucial for gold traders while the Federal Open Market Committee (FOMC) Minutes and the US ISM Services PMI will be in focus for fresh directions.

FXStreet’s Dhwani Mehta Opinion About Gold Movements

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