Gold Price Forecast: XAU/USD prints bull flag ahead of United States Gross Domestic Product – by anilpanchal7 Gold XAUUSD SEO GDP Commodities
Gold retreats as United States data underpinned US Dollar rebound
In addition to the firmer data, challenges to the sentiment, mainly emanating from Russia and China, also seem to probe the Gold price. Elsewhere, doubts about China’s Covid conditions also challenge the XAU/USD bulls. However, the dragon nation’s readiness for more stimulus probes the Gold bears.Given the recent challenges to the Gold price, mainly due to the firmer US data and risk-negative headlines, today’s scheduled United States Gross Domestic Product for the third quarter and Core Personal Consumption Expenditure details for the Q3 will be crucial for immediate directions. That said, the US GDP is expected to confirm 2.
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