XAU/USD bulls need more clues of Fed policy pivot to keep the reins
Although the US Dollar’s struggle to defend the latest gains joins the China-inspired optimism to underpin the Gold Price upside, traders need more clues to defend the XAU/USD buyers as the sentiment remains fragile. That said, the S&P 500 Futures printed mild losses by the press time and the equity buyers have also lost some of the grounds in the last few days.
As a result, this week’s China inflation data and the US ISM Services PMI will be crucial for the Gold traders to watch for clear directions.
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