XAU/USD Outlook: Gold Prices Poised for 7th Straight Weekly Win

XAU/USD Outlook: Gold Prices Poised for 7th Straight Weekly Win

Gold prices (XAU/USD) trades in a tight range around $3,860 during the European trading session on Friday, slightly below the alltime high around $3,900 posted on Thursday. The precious metal trades broadly firm as the partial closure of the UnitedStates (US) government and weakening job market conditions have increased hopes of more interest rate cuts by the Federal Reserve (Fed) in the remaining two policy meetings this year.

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