Gold price (XAU/USD) regains $2,000 as a softer US Dollar joins a retreat in the US Treasury bond yields to lure XAU/USD bears amid full markets. A reassessment of the Federal Reserve’s (Fed) rate hike bets join optimism surrounding the India-China growth, per the International Monetary Fund’s (IMF) Managing Director Kristalina Georgieva, allow the Gold price to remain firmer. However, downbeat China inflation numbers and the US-China tension prod the XAU/USD bulls.

Further, cautious mood ahead of Wednesday’s key US inflation data and the Fed Minutes join consolidation of recent moves amid full markets to allow the Gold price to remain mildly bid.

That said, Gold price remains firmer amid a broad US Dollar pullback and fresh concerns over the Fed’s next moves. However, the XAU/USD bulls need validation from the US CPI and the FOMC Minutes moving forward.

Also read: Gold Price Forecast: XAU/USD set to take out key resistance at $2,007, focus shifts to US inflation