Gold holds in red for the third consecutive day, pressured by growing fears that elevated oil prices would lift inflation and prompt Fed to take more hawkish stance on monetary policy. The yellow metal remains in defensive since mid-April ($4889 recovery peak) and has so far retraced over 38.2% of $4099/$4889 recovery leg, with weakening […]The post Gold Remains Under Increased Pressure Ahead of FOMC Decision and More Important Remarks from Powell appeared first on ActionForex.