Gold Price Forecast: XAU/USD sees upside above $1830 ahead of downbeat US Durable Goods Orders
From fxstreet.com
Gold price (XAU/USD) has displayed topsy-turvy moves in a range of $1,821.88-1,831.87 on Friday. The precious metal is expected to witness a decisive move as investors await US Durable Goods Orders data. As per the market consensus, the data is expected to slip to 0.1% from the prior print of 0.5%. A decent slippage in the economic data is expected to underpin the gold prices going forward. The economic data carries a proper relation with the aggregate demand in the US economy. A higher Durable Goods Orders dictate that the household's demand is resilient. The lower estimates for the economic data could be the ...
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