A receding US Dollar is giving Gold a chance to rebound from recent lows. Friday will see plenty of action for the Greenback, though Thursday will get things started with the FOMC’s latest Meeting Minutes. Gold is holding steady near 1,255.00 after peaking at 1,261.00 on Wednesday, driven upwards through the mid-week by a softening US Dollar. The US Dollar is beginning to middle heading into the late week, with the US Non-Farm Payrolls due on Friday, as well as the latest round of tariffs in the US-China trade showdown  which are due to take effect on the 6th. Adding to the Greenback’s trepidation is Thursday’s  FOMC  Meeting Minutes at 18:00 GMT.  Worsening trade tensions between the US and China are keeping risk aversion at a decent clip through the week ahead of Friday’s tariffs, and the US Dollar has receded in recent days, allowing Gold the chance to bounce from the week’s low at 1,237.00.  Gold levels to watch Gold surged from seven-month lows this week as the US Dollar eased off pressure, but the bull run has come against resistance near 1,260.00, and a continuation of bullish momentum will have to clear last week’s high near 1,270.00, while support remains thin with the precious metal hanging near key lows, and last week’s low will  provide support from 1,245.00 while this week’s low at 1,237.00 will stand as the key barrier to further bearish action. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Oil: Prices have rallied, but OPEC will be key – NAB FX Street 4 years A receding US Dollar is giving Gold a chance to rebound from recent lows. Friday will see plenty of action for the Greenback, though Thursday will get things started with the FOMC's latest Meeting Minutes. Gold is holding steady near 1,255.00 after peaking at 1,261.00 on Wednesday, driven upwards through the mid-week by a softening US Dollar. The US Dollar is beginning to middle heading into the late week, with the US Non-Farm Payrolls due on Friday, as well as the latest round of tariffs in the US-China trade showdown  which are due to take effect on the 6th. Adding… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.