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Gold focus FOMC minutes for fresh direction

Gold trades marginally lower at 1230.23, easing-off session highs reached at 1232.27 earlier on the day. The yellow metal takes a pause from the previous rebound in the Asian trades, as the relief rally in the Asian equities curb the safe-haven demand for gold, while a robust recovery in the oil prices also boost sentiment and hence, weighs on the bullion.

Focus FOMC Meeting Minutes.
Focus now remains on the main risk event for the precious metal this week, the FOMC March meeting minutes due to be published later in the NA session, which is expected to have significant impact on the non-interest bearing gold.

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