Title: Gold Price Forecast: XAU/USD set for a positive close on the week

November 25, 2022 03:48 AM ET

By:AnalysisWatch

FXStreet's Dhwani Mehta reports that gold is looking to maintain its weekly gains on Black Friday, while the US dollar continues to lick its wounds.

Gold rejoices over China's COVID woes.

"The partial Black Friday holiday in the United States, which follows Thanksgiving Thursday, will almost certainly put the U.S. dollar in distress, keeping gold prices on the upswing."

"The gloomy economic outlook for China adds to concerns about the impact on the global economy, strengthening demand for the yellow metal as a traditional safe-haven asset."