Gold Price Forecast: XAU/USD attempts another run above $1,825 despite USD bounce

Gold Price Forecast: XAU/USD attempts another run above $1,825 despite USD bounce Gold XAUUSD Technical Analysis DollarIndex Commodities

uation of the recent uptrend at the start of 2023, despite the bounce in the US Dollar across the board.

The risk-off flows are also helping the US Dollar find a floor, capping the upside in the bright metal. Further, the US Treasury bond yields finished the final week of 2022 on an upbeat note, limiting the upside attempts in the non-yielding Gold price.due to be released this year, the S&P Global Manufacturing PMI for December, for fresh trading impetus. Markets will also closely await the Wall Street open for further cues on risk sentiment.

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