XAUUSD: Will it increase to 1950?

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The precious metals market was quiet at the beginning of the trading week as it awaited the conclusion of the Federal Open Market Committee (FOMC) meeting, the policy-setting body of the Federal Reserve, scheduled for Wednesday afternoon.

Looking at the long term, analysts at Capital Economics recently forecasted that gold is likely to decrease to $1,800 per ounce by the end of this year as the US economy continues to grow, and inflationary pressures ease.
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Waiting for FOMC
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Gold trend reversed after the FOMC meeting
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