Gold Price Forecast: XAU/USD holds onto losses below $4,000 ahead of US PCE Inflation data

Gold price (XAU/USD) clings to Wednesday’s losses near $3,985 during the European trading session on Thursday. The yellow metal remains under severe pressure as traders seem confident that the next monetary policy move by the Federal Reserve (Fed) will be on the upside.

Gold Price Forecast: XAU/USD holds onto losses below $4,000 ahead of US PCE Inflation data
Gold price (XAU/USD) clings to Wednesday’s losses near $3,985 during the European trading session on Thursday. The yellow metal remains under severe pressure as traders seem confident that the next monetary policy move by the Federal Reserve (Fed) will be on the upside.

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