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Gold holds steady above $1,955 level


Gold price oscillates in a narrow trading band through the Asian session on Friday. Hawkish outlooks by major central banks act as a headwind for the precious metal. The US Dollar languishes near a multi-week low and lends support to the XAU/USD.


Gold price struggles to capitalize on the previous day's goodish rebound from the $1,925-$1,924 area, or its lowest level since March 17 and oscillates in a narrow trading band through the Asian session on Friday.


The XAU/USD is currently placed just above the $1,955 level and remains well within a familiar trading range held over the month or so.



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