Gold price bulls pause for a breather after the recent run up to a fresh record high

  • Gold price (XAU/USD) consolidates the previous day's blowout rally and oscillates in a range near the all-time high touched during the Asian session on Thursday amid mixed fundamental cues. The upbeat US Retail Sales data and Federal Reserve (Fed) Chair Jerome Powell's hawkish comments on Wednesday assist the US Dollar (USD) to gain some positive traction.