Gold price (XAU/USD) enters a bearish consolidation phase on Thursday and oscillates in a narrow trading band near its lowest level in more than six months touched the previous day. The prevalent risk-off environment, amid worries about China's ailing property sector and a looming US government shutdown, turns out to be a key factor lending some support to the safe-haven precious metal. Furthermore, retreating US Treasury bond yields hold back the US Dollar (USD) bulls from placing aggressive bets, especially after the recent runup to the highest level since November 2022, and lends some support to the commodity.
GOLD SELL FROM 1875
TARGET 1855
GOLD SELL FROM 1875
TARGET 1855
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