The price for the yellow metal seems to have consolidated around $1230 levels and in the former part of this week managed to pare back some of the losses made throughout the course of last week. Gold suffered a -2.46% decline on Wednesday after Fed minutes showed that tapering plans could be expected in the coming months. We're expecting the yellow metal to pare back some of last week's losses with targets around $1266.61 – 1276.50.
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