Gold price picks up bids to pare recent losses, snaps two-day downtrend.
United States Treasury bond yields, US Dollar pare recent losses but upbeat Federal Reserve bets prod XAU/USD bulls.
China-inflicted risk aversion also exerts downside pressure on the Gold price.
China inflation eyed for intraday directions, US Consumer Price Index, Fed Minutes become the key for Gold traders to track.
Gold price (XAU/USD) snaps three-day losing streak as it prints mild gains around $1,995 while bouncing off one-week low during Tuesday’s Asian session. In doing so, the metal price consolidates recent losses as the United States Treasury bond yields and the US Dollar retreat. However, the hawkish bets on the Federal Reserve’s (Fed) next moves seem to weigh on the Gold price.
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