- Gold price defends the previous day’s bullish bias despite recent struggle around daily top.
- Mixed sentiment, sluggish markets restrict XAU/USD moves but buyers cheer second monthly gain as 2022 bids adieu.
- Hopes of economic recovery, lower rates could keep Gold buyers on the table even as Covid, geopolitics probe immediate upside.
Gold price (XAU/USD) replicates the sluggish market conditions during early Friday, despite printing mild gains around the intraday high near $1,818 by the press time. The reason could be linked to the year-end holiday mood and a light calendar, as well as mixed headlines surrounding the recent key risk catalysts.
While portraying the mood, US 10-year Treasury yields fade the previous day’s pullback from the six-week high and take rounds to 3.8% whereas the S&P 500 Futures print mild losses around 3,865 despite Wall Street’s positive closing.
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