Gold Price Forecast: XAU/USD snaps a losing streak around $1,870 , focus on US Core PCE

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• Gold price attempt to recover from the recent losses after moderate US data.
• The pullback in US Treasury yields put pressure on the US Dollar.
• US Core PCE is due on Friday, expected to reduce from 4.2% to 3.9%.

Gold price snaps a four-day losing streak, trading higher around $1,870 per troy ounce during the Asian session on Friday. The prices of the precious metal recovers from the lowest levels since March, primarily supported by a correction in the US Dollar (USD) due to the moderate economic data from the United States (US).