Gold Price Forecast: XAU/USD set for a positive close on the week

Gold price looks to preserve weekly gains on Black Friday as the US Dollar continues to lick its wounds, FXStreet’s Dhwani Mehta reports.

Gold cheers China’s covid woes

“Black Friday’s partial holiday in the United States following the Thanksgiving Thursday trading will likely leave the US Dollar struggling, keeping the buoyant tone intact around Gold price.”

“The bleak economic outlook for China intensifies worries over its spillover effect on the global economy, bolstering demand for the yellow metal as a traditional safe-haven asset.”