XAU/USD plummeted as American traders returned to their desks following a long weekend, shedding roughly $20 to trade as low as $1,929.94 a troy ounce.
The US Dollar struggled to advance throughout the first half of the day but gained steeper bullish traction following the release of encouraging United States (US) macroeconomic data.
Next week’s economic docket will not be featuring any high-impact data releases, so the market pricing around the Federal Reserve’s (Fed) rate outlook could drive XAU/USD action.
The US Dollar struggled to advance throughout the first half of the day but gained steeper bullish traction following the release of encouraging United States (US) macroeconomic data.
Next week’s economic docket will not be featuring any high-impact data releases, so the market pricing around the Federal Reserve’s (Fed) rate outlook could drive XAU/USD action.
