- Gold Price edges higher towards short-term key resistance confluence despite firmer US Dollar.
- Strong US Treasury bond yields, less acceptance for dedollarization at BRICS underpin Greenback’s run-up, challenging XAU/USD price.
- Mixed concerns about China, Russia and hawkish Fed talks prod Gold traders.
- Preliminary Purchasing Managers Index figures for August eyed for fresh impulse.
Gold Price (XAU/USD) portrays an upward grind around the $1,900 threshold, approaching the $1,910 resistance confluence, as market players brace for multiple central bankers’ speeches at the annual Jackson Hole Symposium event.
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