Gold Price Forecast: XAU/USD will probably remain capped for now – Commerzbank Gold XAUUSD UnitedStates Banks
Attention today is likely to be focused on the US ISM Purchasing Managers’ Index. It has been on a downward trajectory since the spring of last year. If it remains deep in contraction territory, this could put a significant dampener on the positive economic sentiment and thereby lend tailwind to the Gold price. That said, a whole series of disappointing economic indicators would probably be needed to spark any lasting move to the upside.
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