GOLD PRICE FORECAST: XAU/USD BULLS TAKE A BREATHER, BANKING UPDATES, US INFLATION EYED

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Gold price grinds higher after a volatile week that refreshed all-time high before easing on Friday.
United States Nonfarm Payrolls, hawkish Federal Reserve talks prod XAU/USD bulls.
Fed’s dovish hike, downbeat US Dollar and China demand keep Gold buyers hopeful.
Survey report on US banks, inflation data eyed for further guide.
Gold price (XAU/SD) seesaws around $2,016 during a dull Monday, after posting the first daily loss in four and two-week uptrend.

The precious metal’s latest corrective bounce can be linked to the market’s inaction amid holidays in the UK and mixed risk catalysts. It’s worth noting that the Gold sellers remain off the table amid broad US Dollar weakness and dovish concerns surrounding the Federal Reserve (Fed), as well as a cautious mood ahead of this week’s United States inflation and bank report.

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