Gold Price Forecast: XAU/USD slumps to near $3,360, fails to break triangle on upside

  • Gold price (XAU/USD) trades almost 0.7% lower around $3,360 during the European trading session on Thursday. The precious metal faces a sharp selling pressure as global trade worries have eased amid hopes that the United States (US) and the European Union (EU) will close a trade agreement before the August 1 tariff deadline.