Apart from the United States data and Federal Reserve concerns, geopolitical headlines also challenge the Gold price recovery.
That said, disappointment from China’s monthly Consumer Price Index (CPI) and Producer Price Index (PPI) data for February dims the prospects of recovery in the world’s second-largest economy, as well as one of the biggest XAU/USD users.
On the same line could be the fears of higher taxes in the world’s biggest economy, the US, as well as the political chaos relating to it as US President Joe Biden proposes raising corporation tax to cut $3 trillion from the fiscal deficit over the next decade.
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