( XAU/USD ) continues to face rejection at higher levels, as the US dollar attempts a tepid bounce from multi-week lows amid covid vaccine and China concerns-led risk-aversion. Also, investors could resort to profit-taking on their dollar trades after the recent sell-off and ahead of the critical US Jobless Claims and Retail Sales data.
Gold fell on Wednesday amid a steady recovery in the US Treasury yields across the curve. However, the metal remained in a familiar range, with a breakout awaited on the US data release.
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