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Gold price (XAU/USD) struggles to build on the previous day's positive move and oscillates in a narrow range above the $2,000 psychological mark during the Asian session on Friday.
Gold price is treading water just above $2,000, consolidating its rebound from two-month lows of $1,984 set on Wednesday.
Natural Gas (XNG/USD) is trading around the lowest levels since mid-2020, around $1.65 and is facing more downward pressure. Recent US data shows that demand for Gas is now not only abating in Europe, but also in the US. The decline towards
Gold declined for the second consecutive week, pressured by the recovering US Treasury bond yields and renewed US Dollar (USD) strength.
Overview: The US dollar is winding down this week on a quiet note.