Gold (XAU/USD) prices maintained their negative bias below the $3,300 mark through the early European session on Friday (5/30), albeit lacked any follow-through selling.
The US dollar (USD) attracted some buyers as they repositioned ahead of the crucial US inflation report, which in turn, was seen as a key factor undermining the commodity.
However, concerns about worsening US fiscal conditions, coupled with bets that the Federal Reserve (Fed) will lower borrowing costs further in 2025, might cap gains for the USD and offer some support to the non-yielding yellow metal.
Source: Newsmaker.id
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