Gold Price Forecast: XAU/USD Declines Ahead of Key US Data
Gold prices continue to drift lower, with the XAU/USD pair nearing $3,315 during the early Asian session on Wednesday. The decline comes as easing trade tensions contribute to improved risk sentiment across global markets. With key U.S. data releases approaching, traders should remain alert for potential shifts in the gold market. This environment presents an opportunity for strategic entries and exits within the gold trading landscape. Understanding how these factors interrelate will be vital for successful trading, as volatility could heighten in response to incoming data.