Gold Price Forecast: XAU/USD refreshes daily top near $2,020 on weaker US Dollar, risk-off – by hareshmenghani Gold Commodities Recession Fed XAUUSD
ion. The XAU/USD currently trades around the $2,020 region, up nearly 0.30% for the day, and for now, seems to have snapped a three-day losing streak.The US Dollar pulls back from a five-week high touched this Monday as investors remained wary of the US debt ceiling standoff. This, in turn, is seen as a key factor lending support to the US Dollar-denominated Gold price.
On the flip side, the $2,000 psychological mark now seems to have emerged as immediate strong support, which if broken might prompt some technical selling. The
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