The consolidation over the past few days suggests the formation of a top around a resistance at $1,795. Unless the metal unexpectedly breaks above this level on Friday
Spot gold fell 0.1% to $1,776.78 per ounce by 0342 GMT, having earlier hit its highest since Aug. 6 at $1,782.40. US gold futures were flat at $1,778.50
China's tighter social restrictions to fight its latest COVID-19 outbreak, now in its fourth week and involving more than a dozen cities, are hitting the services sector especially travel and hospitality