Gold prices could be weighed down if the US Dollar rises in risk aversion on soft economic data. Other hazards for the precious metal include a more dovish RBA and Brexit updates.
Gold Price Weekly Outlook: XAU/USD to Threaten Yearly Range Lows
XAUUSD eclipsed the $1,320 price level as investor concern over slowing global growth has led to a collapse in long-term interest rates and another inversion along the US Treasury yield curve.
Gold prices soared following a seemingly dovish Federal Reserve policy announcement. The spotlight now turns to US-China trade talks in Washington, DC.
The fundamental environment will grow increasingly tumultuous over the coming week. We wil continue to sort through general themes like the lifting of the US