- Gold price oscillates in a narrow trading band just above the weekly low touched on Thursday.
- Bets for more rate hikes by the Federal Reserve underpin the US Dollar and act as a headwind.
- Investors now look to the release of the key US NFP report before placing fresh directional bets.
Gold price struggles to capitalize on the overnight modest bounce from the vicinity of the $1,900 mark, or the weekly low and remains on the defensive through the Asian session on Friday. The XAU/USD currently trades around the $1,910 area, nearly unchanged for the day, and seems vulnerable to prolong over a two-month-old downtrend from the all-time high touched in May.
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