Gold has quick $4 drop

FXstreet.com (Chicago) – Gold’s price action indicates the metal is losing attractiveness among market participants as it has decreased $4 within minutes.

Trading at 1368.85 dollars per ounce, a strong magnetic pull is drowning the price below 1,372 levels. Throughout Tuesday, the commodity reached a 1,377.58 peak but failed to sustain 4-day gains performance.

In terms of relative performance, gold prints 0.30% daily losses against the greenback despite a weaker dollar prior to FOMC minutes released tomorrow.