Gold Price (XAU/USD) consolidates intraday losses around $1,963 as US Dollar retreats from a daily high, despite sour sentiment and firmer yields, as markets brace for the key US Nonfarm Payrolls (NFP).

It’s worth noting that the Gold price dropped in the last two consecutive weeks, even as the US Dollar remained pressured, amid easing fears of the banking crisis and downbeat headlines surrounding the major XAU/USD consumer China. The latest fears in the market, however, allowed the greenback to pare previous losses as the key week comprising United States activity data and the jobs report for March begins.