Gold price (XAU/USD) attracts some buying during the early European session and turns positive for the second more expected buy when European session active successive day on Wednesday, albeit lacks follow-through and remains in a multi-day-old trading range above the $2,040-$2,052 zone. Traders pushed back their expectations for the first interest rate cut by the Federal Reserve (Fed) to May from March in the wake of a still-resilient US economy. This, along with the underlying bullish tone around the equity markets, turns out to be a key factor acting as a headwind for the non-yielding yellow metal.
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