Ella 
Gold prices found support as Federal Reserve policymakers did not see a rate hike in September.
The U.S. Dollar Index is hovering around 105.00, poised for renewed gains amid risk aversion.
Federal Reserve official Goolsby said the central bank’s goal is to push the economy onto a “golden path.
Gold prices (GOLD/USD) rebounded sharply on Friday as Federal Reserve (FED) policymakers signaled the central bank would not raise interest rates further at its September monetary policy meeting. Gold prices rose after comments from Federal Reserve policymakers appeared to be supported by cooling inflation and slowing job growth.
At the same time, the dollar’s appeal remains strong as worries about global economic shocks remain high. The U.S. dollar index (DXY) is hovering near a five-month high, with hopes of further gains remaining strong. For gold prices, the U.S. Consumer Price Index (CPI) data for August, due to be released next week, will have a significant impact on gold prices. A review of the jobs report and inflation will provide meaningful clues to the Fed’s interest rate decision at its September monetary policy meeting.
