XAU/USD consolidates its recent losses around the $2,300 threshold on Monday, as fears fuel demand for the US Dollar and Gold.
XAU/USD Current price: $2,312.55 Financial markets trade on sentiment after the Europe an Parliament election. The United States Fed eral Reserve takes centre stage in a data-packed week. XAU/USD bounced from below $2,300, but a firmer recovery is out of the picture.
Next Wednesday, the United States will start the day by publishing the May Consumer Price Index , while the Federal Reserve will announce its decision on monetary policy and fresh economic projections later in the day. The Bank of Japan monetary policy decision is also scheduled for this week, alongside monthly employment data from the United Kingdom and Australia.
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