Gold price oscillates in a range below one-week top; bullish potential seems intact

  • Gold price (XAU/USD) struggles to capitalize on its gains registered over the past two days and oscillates in a narrow range during the Asian session on Wednesday, just below a one-week high touched the previous day. The US Dollar (USD) ticks higher and looks to build on the overnight bounce from its lowest level since February 2022, which, in turn, is seen weighing on the precious metal.