- Gold price attracts some haven flows on Wednesday, albeit lacks follow-through.
- Fitch downgrade of the US rating weighs on the USD and offers some support.
- Bets for one more Fed rate hike and hawkish central banks cap any further gains.
Gold price gains some positive traction during the Asian session on Wednesday and reverses a part of the previous day’s sharp fall to the $1,941 area, or a three-week low. The XAU/USD, however, struggles to capitalize on the modest intraday uptick and currently trade just below the $1,950 level, still up over 0.20% for the day.
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