Gold price struggles below $3,300 mark, four-week low amid positive risk tone

  • Gold price (XAU/USD) drops to a four-week low, around the $3,290 region during the Asian session on Friday as traders keenly await the release of the US Personal Consumption Expenditure (PCE) Price Index. The crucial US inflation data will be looked upon for cues about the Federal Reserve's (Fed) policy outlook.