Spot Gold recovered on Tuesday, changing hands at $2,403 a troy ounce.
XAU/USD Current price: $2,404.79 Key earnings reports and upcoming US first-tier events push investors to the sidelines. Treasury yields shed some ground, weighing on the US Dollar. XAU/USD bounced back, but additional gains in the near term seem unlikely. XAU/USD bounced from a weekly low of $2,383.78 posted on Monday as demand for the US Dollar receded ahead of United States first-tier data and key earnings reports.
Furthermore, the country will release the June PCE inflation data on Friday, which will have a lesser impact than usual but will still affect the USD. XAU/USD short-term technical outlook The daily chart for the XAU/USD pair shows it is bouncing from the 50% Fibonacci retracement of the $2,293.54/$2,483.68 rally at $2,389.30.
XAUUSD Recommended Growth Inflation
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