Gold Price Forecast: XAU/USD buyers keep $1,880 in sight ahead of US PPI, Fed Minutes

Gold price is gathering pace for the next push higher, with eyes on the $1,880 level. US Dollar weakens with bond yields on dovish Federal Reserve bets, upbeat mood. Gold price remains poised for a fresh upswing on a bullish 4-hour technical setup. e for the next leg higher, as the United States Dollar licks its wounds amid a renewed downtick in the US Treasury bond yields across the curve.

These fundamental catalysts rendered negative for the US Dollar and the US Treasury bond yields, motivating Gold buyers to hold near the weekly highs above $1,860. Further upside in Gold price, however, remained capped, as traders erred on the side of caution ahead of Wednesday’s critical US Producer Price Index inflation data and the Minutes of the Fed’s September policy meeting.

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