Gold Price Analysis: Bulls testing bearish commitments

At the time of writing, gold is trading on the bid in the open for the week, higher by 0.38% from the get-go at $1,781.64.

The personal consumption expenditures price index, excluding the volatile food and energy components, increased 0.5%, below economists’ expectations of an 0.6% increase.

At the time of writing, DXY is trading at 91.81, a touch below the 91.838 Friday close.

Consumer confidence, ADP, ISM and Friday’s June Nonfarm Payrolls figure will be under the spotlight.

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