Gold extends consolidation ahead of key US data releases

  • Gold price (XAU/USD) continues to trade in a narrow range around $3,300 on Wednesday as traders await key US economic data, which could become the catalyst for an imminent breakout.  Bullion is facing a second day of some profit taking after United States (US) President Donald Trump signed an executive order to ease tariffs on car parts, as the President pointed out the progress in trade negotiations, Bloomberg reported.