Gold is struggling to build goodish momentum, staying closer to two-week lows through European session on the day. Although precious metal attempted to recover from the lows on Tuesday amid global growth concerns that stemmed from Chinese macro data but it could not continue the momentum as risk sentiment improved on Wednesday amid positive vibes coming from US-China trade talks.
Meanwhile, US Dollar has pared earlier gains and this is the sole factor lending support to the precious metal.
In the absence of any major economic event on the day, market will likely be dominated by the risk sentiment.
Technical Levels to Watch
Latest Forex News, Analysis & Market Moving Events: