- Gold price takes offers to refresh intraday low during three-day downtrend.
- US Dollar contrasts yields as BoJ inaction pleases bond buyers.
- Mixed US data, Fedspeak previously probed DXY bulls.
- US Retail Sales, PPI will be important for fresh impulse.
Gold price (XAU/USD) stands on slippery grounds while refreshing the weekly bottom around $1,897 during early Wednesday morning in Europe. The yellow metal’s latest weakness could be linked to the US Dollar’s upside, as well as mixed concerns surrounding one of the world’s biggest XAU/USD users, namely China.
Bank of Japan (BoJ) disappointed the hawks while defending the ultra-loose monetary policy and drowned the yields earlier in the day.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased