XAU/USD trades a tad higher on Wednesday, hovering around $2,190.
XAU/USD Current price: $2,192.20 Financial markets lack volatility in a shortened week without much relevant data. The United States will release the February PCE Price Index next Friday. XAU/USD lacks directional momentum, but bulls lead and aim for fresh record highs. Activity across financial boards remains constrained amid the absence of relevant macroeconomic data and as speculative interest gears up for a long weekend due to the Easter holidays.
By the end of the American session, Board Member Christopher Waller will speak, and market players will try to take clues about his willingness to cut rates. XAU/USD short-term technical outlook Technically, XAU/USD is up for a third consecutive day, which skews the risk to the upside. The pair keeps posting lower lows while advancing above bullish moving averages.
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