Gold price reverses Monday's retracement slide from multi-week top amid softer USD

  • Gold price (XAU/USD) retains its positive bias through the first half of the European session on Tuesday and currently trades just below a three-week high touched the previous day. Some repositioning trade ahead of the latest US consumer inflation figures drags the US Dollar (USD) away from its highest level since June 24, which, in turn, is seen benefiting the commodity.