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Gold Price Forecast: XAU/USD hesitates around $3,400, still holds 20-day EMA

Gold price (XAU/USD) corrects to near $3,360.00 on Wednesday after a three-day winning streak. The precious metal retraces even as traders remain increasingly confident that the Federal Reserve (Fed) will resume its monetary-expansion cycle in the September policy meeting.
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USD softer as markets ponder rates, growth – Scotiabank

The US Dollar (USD) is trading mixed to lower against the major currencies. Trading remains subdued across the majors, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.
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