Gold price slides back below $2,700 mark amid modest USD strength
Gold price (XAU/USD) struggles to capitalize on the previous day’s solid rebound from the 50-day Simple Moving Average (SMA) support near the $2,643 area, or over a three-week low and attracts some sellers during the Asian session on Friday. The US Dollar (USD) regains positive traction and reverses a part of the previous day’s retracement slide from a four-month peak.
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