Natural Gas Price News: XNG/USD pares the biggest daily fall since March around $2.58 amid dicey markets

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• Natural Gas Price clings to mild gains after falling the most in three months.
• Market’s consolidation ahead of top-tier data/events allows XNG/USD to lick its wounds at weekly low.
• Fears surrounding China economic growth, hawkish Fed concerns weigh on energy prices amid firmer US Dollar.

Natural Gas Price (XNG/USD) renews its intraday high near $2.58 as it consolidates the previous day’s heavy losses as markets prepare for Fed Chair Jerome Powell’s bi-annual testimony, as well as speeches from multiple central bankers, during early Wednesday. In doing so, the energy instrument also takes clues from China to push back the recession woes.