The yellow metal has been heavily sold this week as a resurgent US dollar and still buoyant risk appetite have attracted investor attention elsewhere. The US dollar has continued its rally in the wake of the FOMC meeting held this week,

The meeting saw the bank keeping rates on hold as expected, though with a much more balanced tone to the statement. While the bank cited subdued inflation as a reason for keeping rates on hold, it did note that the economy has been growing at a solid rate.

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