Gold slips as China’s stimulus efforts fail to ease deflationary pressures.
Minneapolis Fed President Kashkari’s comments on modest rate cuts and a strong labor market further support the Greenback.
Geopolitical tensions, including Israel’s response to Hezbollah and Iran, continue to influence Bullion prices, with traders eyeing US economic data later this week.
Gold price retraces after hitting a daily high of $2,666 on Monday as China’s stimulus failed to provide relief to the financial markets and the Greenback extended its advance. The XAU/USD trades at $2,650, down some 0.26% at the time of writing.

Over the weekend, data revealed that China’s economy faces deflationary pressure that threatens to derail it from achieving the 5% Gross

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USD/CHF finds support at 0.9010, with buyers lifting pair to 0.9057 in late North American session.
‘Golden cross’ formation of 50-day moving average crossing above 200-day moving average opens door for bullish resumption.
Sellers must push prices below 0.9000 mark and reclaim latest cycle low at 0.8887 to maintain control.
The USD/CHF finds some support at around the 0.9010 area, though it failed to print a green day on Thursday after market participants speculated the Federal Reserve isn’t raising rates again. However, buyers entered the market late in the North American session and lifted the pair to current exchange rates at 0.9057, almost flat as the Asian session began.
From a technical standpoint, the pair is set to extend its gains as the 50-day