• Gold Price retreats from two-month high but stays well set for three-week uptrend.
• US Dollar recovery fails to impress XAU/USD bears at multi-day peak as Federal Reserve concerns appear dovish.
• China’s efforts to unleash more global investments, softer United States data underpin Gold Price upside.
• No major data/events scheduled to shake markets ahead of next week’s FOMC.

Gold Price (XAU/USD) remains pressured at $1,9170 amid early Friday morning in Asia, after reversing from a nine-week high as market players seek more clues to justify the latest pullback in the metal’s prices. Despite the retreat, the XAU/USD remains on the way to posting the third consecutive weekly gain while ignoring the US Dollar’s ability to recover from a 15-month low. It should be noted that the recently welcome United States Initial Jobless Claims and the US Treasury bond yields joined downbeat Wall Street to trigger the Gold Price pullback from the multi-day high. However, mixed concerns about the US Federal Reserve (Fed) and China, one of the world’s biggest customers, seem to prod the XAU/USD bears ahead of the key week comprising top-tier central bank announcements