Spot Gold trades with a modest downward bias for the fifth consecutive day, hovering at around $2,645 a troy ounce after the United States (US) opening.
XAU/USD Current price: $2,627.85 US dollar upsurge, finding additional support in a risk-averse environment.
Meeting Minutes and the US Consumer Price Index stand out this week. XAU/USD is bearish in the near term, could accelerate its slide once below $2,624.50. Spot Gold trades with a modest downward bias for the fifth consecutive day, hovering at around $2,645 a troy ounce after the United States opening. The XAU/USD pair has been shedding some ground in the last few days, albeit still far from suggesting an interim top at the record high of $2,685.45 posted in September.
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