Gold Price (XAU/USD) struggles to defend the first daily gains in six at the lowest level in more than a week as market players seek additional clues
Broad US Dollar strength, risk aversion prod XAU/USD rebound from key support confluence.
That said, a one-week-long European Central Bank policymakers’ blackout period and a likely improvement in the second-tier US employment clues seem to highlight today’s Fed talks as the key catalysts. Gold Price: Key levels to watch On the contrary, Fibonacci 61.8% on one-month suggests the $1,935 is an important upside hurdle for the buyers.
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