Gold holds above $4,050 as easing inflation fears curb Fed hike bets; USD bounce caps gains

Source Summary

Gold (XAU/USD) struggles to capitalize on a modest weekly bullish gap opening and remains below the $4,100 mark through the Asian session. The US Dollar (USD) stages a modest recovery from its lowest level since June 17 and turns out to be a key factor acting as a headwind for the commodity.