GOLD PRICE FORECAST: XAU/USD REMAINS ON THE DEFENSIVE AROUND $1,925 AHEAD OF US PCE... dari Tiyas

27 Jan 2023, 16:59 · Views 48

Gold price remains on the defensive for the second straight day amid modest US Dollar strength.
Thursday’s upbeat US macro data fuels hawkish Fed expectations and underpins the greenback.
A positive risk tone furtehr exerts pressure on safe-haven XAU/USD ahead of the US PCE data.
The market focus will remain glued to the highly-anticipated FOMC policy meeting next week.

Gold price trades with a mild negative bias for the second successive day on Friday and hovers around the $1,925 region during the early European session. The intraday downtick, however, lacks follow-through, warranting some caution before positioning for a deeper corrective pullback from a nine-month peak touched the previous day.

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