GOLD PRICE FORECAST: XAU/USD TRADES ABOVE $2,000 AHEAD OF US CPI/FOMC MINUTES

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Gold price scales higher for the second successive day and touches a fresh weekly high, around the $2,021 area on Wednesday, albeit lacks follow-through. The XAU/USD retreats to the $2,010 region during the first half of the European session as traders keenly await the release of the consumer inflation figures from the United States (US) and the Federal Reserve's (Fed) latest policy meeting minutes.

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