Gold Price Struggles Below 3300 Amid US Dollar Strength
Gold price, represented as XAU/USD, struggles to rise above the 3300 mark, trading just below this critical level during the Asian session. After a modest uptick earlier, the price remains close to the weekly low reached the previous day. Recent economic data from the United States exceeded expectations, easing recession concerns and attracting buyers to the US Dollar for the second consecutive day. This scenario creates pressure on gold, suggesting vulnerabilities as the commodity struggles to maintain support.