Gold Price Forecast: XAU/USD holds ground above $1,950 amid downbeat China CPI

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• Gold price attempts to snap the losses on the subdued Greenback.
• Gold experiences challenges as Fed officials push back against the idea of cutting interest rates.
• China’s inflation declined by 0.2% against the 0.1% expectations.

Gold price maintains its position above $1,950, attempting to halt the losses during the Asian session on Thursday. The precious metal is experiencing a negative tone, potentially influenced by US Federal Reserve (Fed) officials resisting the notion of reducing interest rates.