During the previous trading session, the yellow metal broke the resistance level of the monthly R1 at 1,340.10.
In regards to the near-term future, most, likely the gold will keep surging to the 1,350.00 level.
However, today’s US FOMC Meeting Minutes release at 19:00 GMT could push the yellow metal to depreciate against the US Dollar towards the 1,335.00 level.
