Xauusd Slowly Going In Buy

XAUUSD
Gold price (XAU/USD) edges higher during the Asian session on Friday, albeit lacks follow-through buying and remains below the overnight swing high. As investors look past the weaker US GDP print, growing acceptance that the Federal Reserve (Fed) will delay cutting interest rates amid still sticky inflation helps revive the US Dollar (USD) demand. This, along with a generally positive tone around the equity markets, turns out to be a key factor acting as a headwind for the safe-haven precious metal.