Gold Price Forecast: XAU/USD rebounds amid recession fears, slowing global economic growth – by christianborjon Gold XAUUSD Metals
spurred by central bank tightening. Global data revealed the economic slowdown, sparking recessionary fears. The XAU/USD is trading at $1926.30, gains 0.69%.
On the data, S&P Global Market Intelligence Chief Economist Chris Williamson said, “The overall rate of expansion of business activity in the US remained robust in June, consistent with GDP rising at a rate of 1.7% to put second-quarter growth in the region of 2%.”
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