Gold price (XAU/USD) grinds higher within a two-week-old bullish chart pattern, making rounds to $1,980 during Friday’s Asian session. In doing so, the XAU/USD reverses the previous weekly loss ahead of the key inflation data from the United States and Eurozone. It’s worth noting that the risk-on mood joins the market’s lack of conviction in the Federal Reserve’s (Fed) further rate hikes to propel the Gold price. Gold price grinds higher as US Dollar softens Gold price cheers downbeat US Dollar performance to brace for the weekly gains even as the hawkish Federal Reserve (Fed) concerns and mostly upbeat US data challenge the XAU/USD buyers. The reason for the XAU/USD run-up could also be linked to the quarter-end positioning of the US Dollar Index (DXY). That said, the DXY prints a three-week downtrend, so far, as the greenback bears poke 102.15 level. Source -https://www.fxstreet.com/news/gold-price-forecast-xau-usd-inks-bullish-pennant-as-yields-drag-ahead-of-eurozone-united-states-inflation-202303302337