The overall performance of the US dollar has been relatively ineffective compared to its major currencies in the past week, with gold prices experiencing a strong recovery.
The underlying reason for this is partly due to disappointing economic data from the world's largest economy. This contributes to financial markets increasingly pricing in less accommodative actions from the Federal Reserve.
In this week, gold prices are expected to have minimal volatility. However, overall market sentiment still anticipates a potential decline towards $1925 before determining further upward or downward trends for Gold.