Gold Price Forecast: XAU/USD buyers await validation and US inflation data
Gold price is treading water just above $2,000, consolidating its rebound from two-month lows of $1,984 set on Wednesday.
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Gold price is treading water just above $2,000, consolidating its rebound from two-month lows of $1,984 set on Wednesday.
The Pound Sterling (GBP) continued to remain in the back seat against the US Dollar (USD), as GBP/USD extended its bearish momentum into the fifth week in a row.
The EUR/USD fell decently more than 0.20% during the North American session after it dived to a daily low of 1.0723 courtesy of a slid US Nonfarm Payrolls report.
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Despite a larger-than-expected rate hike from the Bank of England (BoE), GBP/USD ended a three-week positive streak and retreated from a 14-month high