Gold price (XAU/USD) posts modest losses around $1,925 during the early Asian session on Monday. The market sentiment is mixed as investors have some
Gold price trades near $1,925 amid the mixed sentiment. The geopolitical tensions between Israel and Palestine boost the demand for XAU/USD. The upbeat US inflation report has prompted investors to price in a possible rate rise by the Federal Reserve . Investors will focus on the US Retail Sales, Chinese growth numbers, and additional stimulus plans from China.
The upbeat US inflation report has prompted investors to price in a possible rate rise by the Federal Reserve . This, in turn, might lift the US Dollar and weigh on the gold price. Apart from this, the positive development of a new round of Chinese stimulus plans could boost gold demand as China is the world's largest gold producer and consumer. The People’s Bank of China Governor Pan Gongsheng spoke over the weekend at the International Monetary Fund meeting in Morocco.
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