If the U.S. Federal Reserve does not announce any fresh fiscal push while the ECB announces some stimulus package, “in dollar terms, gold will face some headwinds,” said OANDA analyst Craig Erlam.
The dollar strengthened against its rivals, making gold more expensive for holders of other currencies, amid bets that policy signals from the ECB on Thursday could weigh on the euro.
Market players also awaited the policy meeting of the Bank of Canada on Wednesday, while the U.S. Fed’s next…