- Gold price consolidates in a range below the $1,900 mark during the Asian session.
- Hawkish Federal Reserve expectations underpin the US Dollar and cap the upside.
- A weaker risk tone lends support and helps limit losses for the safe-haven XAU/USD.
Gold price struggles to capitalize on the previous day’s positive move and oscillates in a narrow trading range below the $1,900 mark during the Asian session on Tuesday. The XAU/USD, for now, seems to have stalled its recent decline witnessed over the past four weeks or so, to the lowest level since March 2023, around the $1,885 region touched last Thursday as traders keenly await more cues about the Federal Reserve’s (Fed) policy outlook.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased