Update: Following Thursday’s sharp decline, the XAU/USD pair managed to stage a rebound in the first half of the day on Friday. After climbing to a daily high of $1,767, however, gold lost its traction in the early American trading hours and dropped below $1,750 amid renewed USD strength. Nevertheless, the risk-averse market environment, as … Continue reading Gold Price Forecast: XAU/USD recovers above $1,750, looks to post large weekly losses