Gold Price News and Forecast: XAU/USD retreats on US data

The returns on the US debt surged after the country’s annualized GDP beat estimates with 6.4% in Q1 2021 while the weekly jobless claims hit the pandemic low.

Notably, once again, gold attempted to rise above $1790.00 an ounce in early New York trading, but was repulsed.

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EUR/USD holds lower ground above 1.2100, heading into Friday’s European session.

After starting the day near Wednesday’s closing level at $41.50, NIO shares lost traction and dropped to a fresh weekly low of $38.73 before going into a consolidation phase.

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