- Gold price regains some positive traction on Thursday and recovers a part of the overnight losses.
- A generally weaker risk tone benefits the safe-haven XAU/USD, though the upside seems limited.
- Hawkish major central banks might hold back bulls from placing aggressive bets around the metal.
Gold price attracts some dip-buying during the Asian session on Thursday and reverses a part of the previous day’s retracement slide from the $1,935 region, or a nearly two-week high. The XAU/USD currently trades just below the $1,920 level, up 0.20% for the day, though any meaningful appreciating move still seems elusive.
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