Gold Price Forecast: XAU/USD posts modest gains above $3,150 on better risk appetite

The Gold price (XAU/USD) trades with mild gains near $3,180 during the early Asian session on Thursday. However, the potential upside for the yellow metal might be capped in the near term due to better risk appetite and progress in trade talks. 
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PBOC sets USD/CNY reference rate at 7.1963 vs. 7.1956 previous

On Thursday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1963 as compared to the previous day's fix of 7.1956 and 7.2217 Reuters estimate.
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