Spot Gold trades flat for the day around $2,326, recovering from an intraday low of $2,291.26.
XAU/USD Current price: $2,326.11 Disappointing United States PMIs pressured the US Dollar after Wall Street’s opening. Market players await the US Gross Domestic Product and an inflation update. XAU/USD maintains its bearish tone in the near term, near-term support at $2,310. XAU/USD fell on the back of a better market mood, keeping the US Dollar on the back against most major currencies.
5% in the three months to March. Also, the US will publish the March Personal Consumption Expenditures Price Index on Friday, the Federal Reserve’s favorite inflation gauge. The report will lose some of its usual relevance after the GDP data release, which includes a quarterly PCE Price Index estimate, but could still anticipate the Fed’s course. XAU/USD short-term technical outlook From a technical point of view, XAU/USD seems poised to extend its slide. It’s currently battling with the 23.
Gold Recommended GDP Inflation
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