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Gold Price Forecast: XAU/USD set for a positive close on the week

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Gold rate appears to hold weekly positive factors on Black Friday as the US Dollar continues to lick its wounds, FXStreet’s Dhwani Mehta reports.

Gold cheers China’s covid woes
“Black Friday’s partial vacation in the United States following the Thanksgiving Thursday buying and selling will probable depart the US Dollar struggling, preserving the buoyant tone intact round Gold price.”

“The bleak financial outlook for China intensifies concerns over its spillover impact on the international economy, bolstering demand for the yellow steel as a standard safe-haven asset.”

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